Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.7% in the fourth quarter, HoldingsChannel reports. The firm owned 24,347 shares of the semiconductor company’s stock after selling 2,601 shares during the quarter. Greenleaf Trust’s holdings in Texas Instruments were worth $4,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Resonant Capital Advisors LLC acquired a new position in Texas Instruments during the 4th quarter valued at approximately $1,165,000. Institute for Wealth Management LLC. boosted its position in Texas Instruments by 0.9% during the 4th quarter. Institute for Wealth Management LLC. now owns 29,278 shares of the semiconductor company’s stock worth $4,991,000 after acquiring an additional 272 shares during the period. Beaumont Financial Advisors LLC boosted its position in Texas Instruments by 1.3% during the 4th quarter. Beaumont Financial Advisors LLC now owns 6,072 shares of the semiconductor company’s stock worth $1,035,000 after acquiring an additional 77 shares during the period. Cutler Investment Counsel LLC boosted its position in Texas Instruments by 0.8% during the 4th quarter. Cutler Investment Counsel LLC now owns 66,606 shares of the semiconductor company’s stock worth $11,354,000 after acquiring an additional 526 shares during the period. Finally, HTLF Bank acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $5,034,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 2.4 %

Shares of Texas Instruments stock opened at $159.68 on Friday. The stock has a 50-day moving average price of $168.10 and a 200 day moving average price of $161.72. The company has a market cap of $145.32 billion, a P/E ratio of 22.62, a P/E/G ratio of 3.52 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $4.08 billion during 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 revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TXN shares. Barclays decreased their target price on 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 target price on Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. KeyCorp raised their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Susquehanna decreased their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Finally, Evercore ISI started coverage on Texas Instruments in a research note on Tuesday. They set an “outperform” rating and a $213.00 target price for the company. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $176.68.

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.