J.W. Cole Advisors Inc. Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

J.W. Cole Advisors Inc. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 63.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,948 shares of the semiconductor company’s stock after buying an additional 4,639 shares during the period. J.W. Cole Advisors Inc.’s holdings in Texas Instruments were worth $2,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after buying an additional 458,853 shares during the period. State Street Corp raised its holdings in Texas Instruments by 1.9% in the 1st quarter. State Street Corp now owns 37,818,973 shares of the semiconductor company’s stock valued at $7,034,694,000 after buying an additional 721,775 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after buying an additional 839,964 shares during the period. Morgan Stanley raised its holdings in Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after buying an additional 5,191,426 shares during the period. Finally, Northern Trust Corp raised its holdings in Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after buying an additional 315,302 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on TXN shares. Morgan Stanley boosted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Evercore ISI started coverage on shares of Texas Instruments in a research note on Tuesday, April 16th. They set an “outperform” rating and a $213.00 price target on the stock. Mizuho cut their price target on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price target on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, 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 note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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 that occurred 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 of the company’s stock, 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.

Texas Instruments Stock Performance

Shares of TXN 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 $161.75. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $145.32 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 3.44 and a beta of 1.04. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

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.