Texas Instruments Inc. (TXN) Stake Reduced by Sadoff Investment Management LLC
Sadoff Investment Management LLC decreased its stake in Texas Instruments Inc. (NASDAQ:TXN) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 484,263 shares of the company’s stock after selling 11,601 shares during the period. Texas Instruments comprises 3.8% of Sadoff Investment Management LLC’s investment portfolio, making the stock its 6th largest position. Sadoff Investment Management LLC’s holdings in Texas Instruments were worth $33,986,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Catawba Capital Management VA increased its stake in Texas Instruments by 6.4% in the third quarter. Catawba Capital Management VA now owns 23,850 shares of the company’s stock valued at $1,674,000 after buying an additional 1,430 shares during the last quarter. First American Bank increased its stake in Texas Instruments by 39.1% in the third quarter. First American Bank now owns 17,084 shares of the company’s stock valued at $1,199,000 after buying an additional 4,805 shares during the last quarter. Acropolis Investment Management LLC increased its stake in Texas Instruments by 33.6% in the third quarter. Acropolis Investment Management LLC now owns 5,150 shares of the company’s stock valued at $361,000 after buying an additional 1,295 shares during the last quarter. Telemus Capital LLC increased its stake in Texas Instruments by 5.1% in the third quarter. Telemus Capital LLC now owns 56,457 shares of the company’s stock valued at $3,962,000 after buying an additional 2,752 shares during the last quarter. Finally, Curbstone Financial Management Corp increased its stake in Texas Instruments by 1.7% in the third quarter. Curbstone Financial Management Corp now owns 9,210 shares of the company’s stock valued at $646,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.
Texas Instruments Inc. (NASDAQ:TXN) traded down 0.13% during mid-day trading on Friday, reaching $70.87. The company’s stock had a trading volume of 3,673,632 shares. The stock has a market capitalization of $71.10 billion, a P/E ratio of 23.88 and a beta of 1.32. The stock’s 50 day moving average price is $69.43 and its 200 day moving average price is $63.61. Texas Instruments Inc. has a 1-year low of $46.73 and a 1-year high of $72.58.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. Texas Instruments had a net margin of 23.89% and a return on equity of 30.14%. The company earned $3.27 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company earned $0.65 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts expect that Texas Instruments Inc. will post $3.06 EPS for the current fiscal year.
TXN has been the topic of several research analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Texas Instruments in a research note on Wednesday, June 15th. Royal Bank Of Canada dropped their price target on Texas Instruments from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Friday, July 1st. Zacks Investment Research cut Texas Instruments from a “hold” rating to a “sell” rating in a report on Monday, July 18th. B. Riley reissued a “neutral” rating and issued a $69.00 price objective on shares of Texas Instruments in a report on Tuesday, July 26th. Finally, Cowen and Company boosted their price objective on Texas Instruments from $60.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have assigned a buy rating to the company. Texas Instruments presently has a consensus rating of “Hold” and an average target price of $68.44.
In other Texas Instruments news, insider Bing Xie sold 11,565 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $69.12, for a total value of $799,372.80. Following the transaction, the insider now owns 187,370 shares in the company, valued at approximately $12,951,014.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darla H. Whitaker sold 160,403 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $70.98, for a total transaction of $11,385,404.94. Following the completion of the transaction, the vice president now owns 174,917 shares in the company, valued at approximately $12,415,608.66. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company’s stock.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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