Texas Instruments Incorporated (NASDAQ:TXN) Position Trimmed by River Road Asset Management LLC

River Road Asset Management LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,087 shares of the semiconductor company’s stock after selling 1,963 shares during the period. River Road Asset Management LLC’s holdings in Texas Instruments were worth $13,652,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TXN. Fairfield Bush & CO. purchased a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $56,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after acquiring an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after acquiring an additional 413 shares in the last quarter. Wsfs Capital Management LLC purchased a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $337,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $315,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $164.09 on Thursday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The firm’s fifty day simple moving average is $168.09 and its 200 day simple moving average is $161.71. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $149.33 billion, a PE ratio of 23.47, a PEG ratio of 3.61 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the business posted $2.13 EPS. Texas Instruments’s revenue was down 12.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of Texas Instruments in a research report on Tuesday, January 23rd. Truist Financial cut their target price on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Mizuho cut their target price on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, Morgan Stanley increased their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $176.68.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by company 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.