6,537 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Purchased by USA Financial Formulas

USA Financial Formulas bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel.com reports. The fund bought 6,537 shares of the semiconductor company’s stock, valued at approximately $1,226,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the 3rd quarter worth about $28,000. Tsfg LLC increased its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments in the third quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new position in Texas Instruments in the third quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Texas Instruments during the 3rd quarter worth $43,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 2.1 %

Shares of Texas Instruments stock opened at $197.51 on Thursday. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market cap of $180.17 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The firm has a fifty day moving average price of $196.30 and a 200 day moving average price of $199.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company earned $1.80 earnings per share. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Analyst Ratings Changes

TXN has been the subject of several research reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Susquehanna dropped their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $209.71.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.