ETRADE Capital Management LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,712 shares of the semiconductor company’s stock after purchasing an additional 5,047 shares during the period. ETRADE Capital Management LLC’s holdings in Texas Instruments were worth $6,508,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Farmers National Bank purchased a new position in shares of Texas Instruments in the first quarter valued at $35,000. Icon Wealth Partners LLC bought a new stake in shares of Texas Instruments in the first quarter valued at about $37,000. Shine Investment Advisory Services Inc. grew its stake in Texas Instruments by 348.8% in the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 279 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its stake in Texas Instruments by 919.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 331 shares during the last quarter. Finally, TD Capital Management LLC purchased a new position in Texas Instruments in the second quarter valued at about $45,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.
In related news, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the transaction, the insider now owns 102,652 shares of the company’s stock, valued at approximately $12,851,003.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Rafael R. Lizardi sold 76,523 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $128.02, for a total value of $9,796,474.46. Following the transaction, the chief financial officer now directly owns 94,648 shares in the company, valued at approximately $12,116,836.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,251,117 shares of company stock valued at $159,473,823. Company insiders own 0.89% of the company’s stock.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The company’s revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.24 earnings per share for the current fiscal year.
A number of research analysts have issued reports on TXN shares. Morgan Stanley boosted their price target on Texas Instruments from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. BidaskClub raised Texas Instruments from a “sell” rating to a “hold” rating in a research note on Saturday, June 1st. ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Loop Capital increased their price objective on Texas Instruments to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, UBS Group increased their price objective on Texas Instruments from $93.00 to $100.00 and gave the company a “sell” rating in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have assigned a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and a consensus price target of $118.71.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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