Gateway Investment Advisers LLC Has $40.81 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Gateway Investment Advisers LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 217,619 shares of the semiconductor company’s stock after selling 39,104 shares during the period. Gateway Investment Advisers LLC’s holdings in Texas Instruments were worth $40,806,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC boosted its holdings in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth $41,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter worth $43,000. Institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, 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 transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on 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 transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % 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 Stock Performance

Shares of NASDAQ:TXN traded down $7.20 during midday trading on Thursday, reaching $190.31. The company had a trading volume of 635,299 shares, compared to its average volume of 4,600,653. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The company’s 50 day moving average price is $196.30 and its 200 day moving average price is $199.76. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a market cap of $173.60 billion, a P/E ratio of 35.37, a P/E/G ratio of 3.69 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on TXN. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna decreased their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average price target of $209.71.

Texas Instruments Company 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.