Public Employees Retirement Association of Colorado Decreases Stake in Texas Instruments Inc. (TXN)
Public Employees Retirement Association of Colorado reduced its stake in Texas Instruments Inc. (NASDAQ:TXN) by 7.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 208,724 shares of the company’s stock after selling 16,565 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Texas Instruments were worth $13,077,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Columbia Partners L L C Investment Management acquired a new stake in shares of Texas Instruments during the first quarter valued at $1,144,000. Palisade Capital Management LLC NJ boosted its stake in Texas Instruments by 0.8% in the first quarter. Palisade Capital Management LLC NJ now owns 26,500 shares of the company’s stock worth $1,522,000 after buying an additional 200 shares during the last quarter. Menta Capital LLC purchased a new stake in Texas Instruments during the first quarter worth approximately $276,000. Aviva PLC boosted its stake in Texas Instruments by 0.4% in the first quarter. Aviva PLC now owns 1,011,602 shares of the company’s stock worth $58,087,000 after buying an additional 4,527 shares during the last quarter. Finally, Ruffer LLP boosted its stake in Texas Instruments by 145.3% in the first quarter. Ruffer LLP now owns 894,044 shares of the company’s stock worth $51,331,000 after buying an additional 529,534 shares during the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Inc. (NASDAQ:TXN) traded down 0.93% during midday trading on Thursday, reaching $67.82. 2,614,132 shares of the company traded hands. Texas Instruments Inc. has a 12 month low of $46.73 and a 12 month high of $72.58. The firm has a market capitalization of $68.04 billion, a PE ratio of 22.85 and a beta of 1.32. The company’s 50-day moving average price is $69.37 and its 200 day moving average price is $63.97.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that Texas Instruments Inc. will post $3.06 earnings per share for the current year.
TXN has been the subject of a number of analyst reports. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Texas Instruments in a research report on Wednesday, June 15th. Royal Bank Of Canada decreased their target price on shares of Texas Instruments from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Friday, July 1st. Zacks Investment Research lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. B. Riley restated a “neutral” rating and set a $69.00 price target on shares of Texas Instruments in a research note on Tuesday, July 26th. Finally, Cowen and Company upped their price target on shares of Texas Instruments from $60.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $69.32.
In other Texas Instruments news, insider Brian T. Crutcher sold 180,528 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $70.53, for a total value of $12,732,639.84. Following the transaction, the insider now directly owns 504,689 shares in the company, valued at approximately $35,595,715.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen A. Anderson sold 103,125 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $70.08, for a total transaction of $7,227,000.00. Following the completion of the transaction, the insider now owns 292,446 shares in the company, valued at $20,494,615.68. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.
Texas Instruments Company Profile
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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