Texas Instruments Incorporated (NASDAQ:TXN) Holdings Raised by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 77.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 515 shares of the semiconductor company’s stock after purchasing an additional 225 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Texas Instruments were worth $88,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairfield Bush & CO. bought a new stake in Texas Instruments in the first quarter worth about $56,000. Mirae Asset Global Investments Co. Ltd. raised its position in Texas Instruments by 32.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after acquiring an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Texas Instruments by 7.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after acquiring an additional 413 shares in the last quarter. Wsfs Capital Management LLC bought a new stake in Texas Instruments in the first quarter worth about $337,000. Finally, Bridgefront Capital LLC bought a new stake in Texas Instruments in the first quarter worth about $315,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Down 1.2 %

Shares of TXN stock opened at $163.67 on Friday. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The firm has a market cap of $148.95 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The stock has a 50 day moving average of $168.16 and a 200-day moving average of $161.72. 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 issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments’s revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TXN shares. Barclays dropped their price target on shares of 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. Cantor Fitzgerald boosted their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Truist Financial cut their price objective on Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. TD Cowen boosted their price objective on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley boosted their price objective on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $176.68.

Insider Activity at Texas Instruments

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