Oakworth Capital Inc. Boosts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Oakworth Capital Inc. raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,745 shares of the semiconductor company’s stock after purchasing an additional 315 shares during the period. Oakworth Capital Inc.’s holdings in Texas Instruments were worth $297,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TXN. AXQ Capital LP grew its stake in Texas Instruments by 64.3% during the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after buying an additional 1,800 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of Texas Instruments by 0.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after acquiring an additional 155 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after acquiring an additional 2,397 shares during the period. Salem Investment Counselors Inc. grew its position in shares of Texas Instruments by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after acquiring an additional 177 shares during the last quarter. Finally, Chicago Capital LLC increased its holdings in shares of Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after acquiring an additional 8,311 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 1.1 %

Shares of NASDAQ TXN opened at $165.70 on Thursday. The stock has a market capitalization of $150.80 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 3.61 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 firm has a 50-day moving average price of $168.09 and a 200 day moving average price of $161.71. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TXN shares. Barclays decreased their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Cantor Fitzgerald raised their price target on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Susquehanna dropped their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. Finally, Mizuho lowered their target price on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $176.68.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by corporate insiders.

About Texas Instruments

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.