Ardevora Asset Management LLP reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 414,400 shares of the semiconductor company’s stock after selling 1,700 shares during the period. Texas Instruments accounts for 1.1% of Ardevora Asset Management LLP’s holdings, making the stock its 18th largest position. Ardevora Asset Management LLP’s holdings in Texas Instruments were worth $33,384,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of TXN. ETRADE Capital Management LLC raised its stake in shares of Texas Instruments by 116.1% in the third quarter. ETRADE Capital Management LLC now owns 13,870 shares of the semiconductor company’s stock worth $973,000 after buying an additional 7,451 shares in the last quarter. Essex Financial Services Inc. bought a new stake in shares of Texas Instruments during the fourth quarter worth $229,000. Ffcm LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth $3,081,000. Cadence Capital Management LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth $9,631,000. Finally, Motley Fool Wealth Management LLC raised its stake in shares of Texas Instruments by 17.5% in the fourth quarter. Motley Fool Wealth Management LLC now owns 8,713 shares of the semiconductor company’s stock worth $636,000 after buying an additional 1,295 shares in the last quarter. Hedge funds and other institutional investors own 85.06% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at 79.70 on Friday. The firm has a 50-day moving average of $80.65 and a 200 day moving average of $77.85. Texas Instruments Incorporated has a 1-year low of $58.61 and a 1-year high of $84.65. The company has a market capitalization of $79.41 billion, a P/E ratio of 21.21 and a beta of 1.16.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.31 billion. Texas Instruments had a net margin of 27.54% and a return on equity of 34.50%. Texas Instruments’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, equities research analysts expect that Texas Instruments Incorporated will post $3.93 earnings per share for the current year.
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TXN has been the topic of a number of recent research reports. Rosenblatt Securities initiated coverage on shares of Texas Instruments in a report on Wednesday, February 22nd. They set a “buy” rating and a $90.00 price target on the stock. Vetr lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target on the stock. in a report on Monday, March 13th. Bank of America Corporation reiterated a “buy” rating and set a $92.00 price target on shares of Texas Instruments in a report on Tuesday, March 14th. Macquarie initiated coverage on shares of Texas Instruments in a report on Thursday, March 30th. They set a “neutral” rating and a $82.00 price target on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $84.00 price target on shares of Texas Instruments in a report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $82.10.
In related news, insider Kevin P. March sold 150,000 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $80.74, for a total value of $12,111,000.00. Following the completion of the transaction, the insider now directly owns 448,663 shares in the company, valued at approximately $36,225,050.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Niels Anderskouv sold 134,360 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $80.42, for a total transaction of $10,805,231.20. Following the completion of the transaction, the insider now owns 132,079 shares of the company’s stock, valued at $10,621,793.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 323,780 shares of company stock valued at $26,093,457. 0.96% of the stock is owned by company insiders.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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