Navellier & Associates Inc lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,935 shares of the semiconductor company’s stock after selling 2,089 shares during the quarter. Navellier & Associates Inc’s holdings in Texas Instruments were worth $2,262,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC acquired a new position in Texas Instruments during the 4th quarter worth approximately $34,000. G&S Capital LLC boosted its holdings in shares of Texas Instruments by 25.0% in the 4th quarter. G&S Capital LLC now owns 725 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 145 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $101,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $107,000. Finally, Girard Partners LTD. acquired a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $119,000. 84.62% of the stock is owned by hedge funds and other institutional investors.
TXN opened at $97.17 on Thursday. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $120.75. The company has a current ratio of 3.97, a quick ratio of 3.09 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $92.53 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20.
Texas Instruments declared that its board has authorized a stock repurchase program on Thursday, September 20th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 11.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have recently commented on TXN shares. BidaskClub raised Texas Instruments from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. KeyCorp started coverage on Texas Instruments in a report on Tuesday, September 25th. They issued a “sector weight” rating for the company. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Susquehanna Bancshares cut their price objective on Texas Instruments from $135.00 to $120.00 and set a “positive” rating for the company in a report on Wednesday, October 10th. Finally, Goldman Sachs Group raised Texas Instruments from a “sell” rating to a “neutral” rating in a report on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $115.24.
In other Texas Instruments news, insider Kyle M. Flessner sold 16,088 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the transaction, the insider now owns 43,270 shares in the company, valued at approximately $4,067,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin S. Craighead acquired 10,900 shares of the stock in a transaction on Thursday, October 25th. The shares were purchased at an average price of $91.70 per share, for a total transaction of $999,530.00. Following the transaction, the director now directly owns 13,100 shares in the company, valued at $1,201,270. The disclosure for this purchase can be found here. 0.84% of the stock is currently owned by corporate insiders.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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