Tibra Equities Europe Ltd acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 41,300 shares of the semiconductor company’s stock, valued at approximately $4,381,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its holdings in shares of Texas Instruments by 6,709.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 23,836,621 shares during the period. Norges Bank purchased a new position in Texas Instruments during the fourth quarter worth about $864,454,000. Capital International Investors boosted its stake in Texas Instruments by 46.4% during the third quarter. Capital International Investors now owns 16,525,393 shares of the semiconductor company’s stock worth $1,773,009,000 after buying an additional 5,240,065 shares during the period. Two Sigma Advisers LP boosted its stake in Texas Instruments by 522.4% during the fourth quarter. Two Sigma Advisers LP now owns 2,145,644 shares of the semiconductor company’s stock worth $202,763,000 after buying an additional 1,800,900 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Texas Instruments by 27.1% during the third quarter. AQR Capital Management LLC now owns 6,900,705 shares of the semiconductor company’s stock worth $740,377,000 after buying an additional 1,470,756 shares during the period. Institutional investors and hedge funds own 86.63% of the company’s stock.
TXN has been the topic of several research reports. Bank of America lowered Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price target on the stock. in a research report on Friday, January 4th. Zacks Investment Research cut Texas Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Nomura restated a “neutral” rating and issued a $95.00 price target (down previously from $100.00) on shares of Texas Instruments in a report on Thursday, January 24th. Robert W. Baird restated a “hold” rating and issued a $115.00 price target on shares of Texas Instruments in a report on Wednesday, January 23rd. Finally, SunTrust Banks lifted their price target on Texas Instruments from $93.00 to $103.00 and gave the company a “hold” rating in a report on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $108.40.
Shares of Texas Instruments stock traded up $0.56 during midday trading on Thursday, hitting $113.31. 231,575 shares of the company were exchanged, compared to its average volume of 5,029,576. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38. The company has a market capitalization of $106.88 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.09 and a beta of 1.17. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $118.48.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.03. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $1.09 EPS. Texas Instruments’s revenue was down .9% on a year-over-year basis. Equities analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.
Texas Instruments Company Profile
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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