Cutler Investment Counsel LLC Has $11.35 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cutler Investment Counsel LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 66,606 shares of the semiconductor company’s stock after buying an additional 526 shares during the period. Texas Instruments makes up 1.6% of Cutler Investment Counsel LLC’s holdings, making the stock its 25th largest holding. Cutler Investment Counsel LLC’s holdings in Texas Instruments were worth $11,354,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TXN. HTLF Bank bought a new position in shares of Texas Instruments in the fourth quarter worth $5,034,000. Lafayette Investments Inc. grew its stake in Texas Instruments by 5.3% during the fourth quarter. Lafayette Investments Inc. now owns 9,966 shares of the semiconductor company’s stock worth $1,699,000 after buying an additional 505 shares in the last quarter. Grunden Financial Advisory Inc. acquired a new stake in Texas Instruments during the fourth quarter worth about $6,011,000. Fidelis Capital Partners LLC raised its position in shares of Texas Instruments by 7.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,202 shares of the semiconductor company’s stock valued at $716,000 after buying an additional 299 shares in the last quarter. Finally, Western Wealth Management LLC raised its position in shares of Texas Instruments by 3.0% in the 4th quarter. Western Wealth Management LLC now owns 11,775 shares of the semiconductor company’s stock valued at $2,007,000 after buying an additional 344 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXN. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Mizuho dropped their price objective on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Barclays decreased their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Truist Financial lowered their target price on Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research note on Friday, February 9th. Finally, Cantor Fitzgerald raised their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $176.68.

Texas Instruments Trading Down 1.3 %

Shares of Texas Instruments stock traded down $2.20 during trading on Friday, hitting $161.47. The company’s stock had a trading volume of 3,046,223 shares, compared to its average volume of 5,440,458. The stock has a market cap of $146.95 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The stock has a 50-day moving average price of $168.16 and a two-hundred day moving average price of $161.72. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is currently owned by company insiders.

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.