Park Avenue Securities LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 15.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,516 shares of the semiconductor company’s stock after selling 2,775 shares during the quarter. Park Avenue Securities LLC’s holdings in Texas Instruments were worth $2,851,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Shelton Capital Management lifted its stake in shares of Texas Instruments by 2.6% in the 2nd quarter. Shelton Capital Management now owns 151,568 shares of the semiconductor company’s stock valued at $31,469,000 after acquiring an additional 3,840 shares during the last quarter. Jennison Associates LLC increased its stake in Texas Instruments by 35.1% in the 2nd quarter. Jennison Associates LLC now owns 2,992,090 shares of the semiconductor company’s stock worth $621,218,000 after purchasing an additional 777,619 shares during the period. Howard Capital Management Inc. boosted its stake in shares of Texas Instruments by 11.3% during the second quarter. Howard Capital Management Inc. now owns 26,745 shares of the semiconductor company’s stock valued at $5,553,000 after purchasing an additional 2,709 shares during the period. Invesco Ltd. grew its holdings in shares of Texas Instruments by 3.3% in the second quarter. Invesco Ltd. now owns 14,068,306 shares of the semiconductor company’s stock worth $2,920,862,000 after purchasing an additional 443,738 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Texas Instruments by 1.5% in the second quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock worth $19,816,773,000 after buying an additional 1,426,360 shares during the period. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
Shares of TXN opened at $190.31 on Friday. The company has a 50-day simple moving average of $171.73 and a two-hundred day simple moving average of $184.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90. The firm has a market capitalization of $172.92 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 3.04 and a beta of 1.00. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on TXN shares. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Susquehanna dropped their target price on shares of Texas Instruments from $240.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, October 22nd. Cowen reissued a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lowered their price target on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Finally, Robert W. Baird set a $195.00 price objective on Texas Instruments and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $191.49.
Read Our Latest Report on Texas Instruments
Insider Buying and Selling at Texas Instruments
In other news, VP Christine Witzsche sold 1,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $164.31, for a total transaction of $164,310.00. Following the sale, the vice president owned 20,821 shares in the company, valued at approximately $3,421,098.51. The trade was a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald Kirk sold 9,990 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.33, for a total transaction of $1,621,676.70. Following the completion of the sale, the director directly owned 14,937 shares in the company, valued at $2,424,723.21. This represents a 40.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.57% of the company’s stock.
Texas Instruments Profile
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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