Beaumont Financial Advisors LLC Acquires 77 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Beaumont Financial Advisors LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,072 shares of the semiconductor company’s stock after buying an additional 77 shares during the period. Beaumont Financial Advisors LLC’s holdings in Texas Instruments were worth $1,035,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cutler Investment Counsel LLC raised its holdings in shares of Texas Instruments by 0.8% in the fourth quarter. Cutler Investment Counsel LLC now owns 66,606 shares of the semiconductor company’s stock worth $11,354,000 after buying an additional 526 shares during the last quarter. HTLF Bank acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $5,034,000. Lafayette Investments Inc. grew its holdings in Texas Instruments by 5.3% during the 4th quarter. Lafayette Investments Inc. now owns 9,966 shares of the semiconductor company’s stock worth $1,699,000 after acquiring an additional 505 shares in the last quarter. Grunden Financial Advisory Inc. purchased a new stake in Texas Instruments in the 4th quarter valued at $6,011,000. Finally, Fidelis Capital Partners LLC raised its position in Texas Instruments by 7.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,202 shares of the semiconductor company’s stock worth $716,000 after buying an additional 299 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 2.4 %

Shares of Texas Instruments stock opened at $159.68 on Friday. The stock has a market cap of $145.32 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The business has a fifty day simple moving average of $168.10 and a 200 day simple moving average of $161.72. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. 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 posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the business posted $2.13 earnings per share. Texas Instruments’s quarterly revenue was down 12.7% on a year-over-year basis. Research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on TXN. TD Cowen upped their target price on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Truist Financial reduced their target price on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Morgan Stanley upped their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Cantor Fitzgerald increased their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $176.68.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

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.