Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Essex Savings Bank

Essex Savings Bank grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,626 shares of the semiconductor company’s stock after acquiring an additional 129 shares during the quarter. Essex Savings Bank’s holdings in Texas Instruments were worth $492,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments during the 3rd quarter valued at $28,000. Tsfg LLC increased its stake in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments in the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC bought a new position in shares of Texas Instruments in the third quarter valued at approximately $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments during the third quarter valued at approximately $43,000. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Susquehanna decreased their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Barclays cut their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Evercore ISI lifted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley increased their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $209.71.

Texas Instruments Stock Performance

Shares of TXN opened at $197.51 on Thursday. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market capitalization of $180.17 billion, a PE ratio of 36.71, a PEG ratio of 3.69 and a beta of 0.98. The company’s 50 day moving average price is $196.30 and its 200 day moving average price is $199.76.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Company Profile

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.