Marks Group Wealth Management Inc Sells 257 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Marks Group Wealth Management Inc lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,940 shares of the semiconductor company’s stock after selling 257 shares during the period. Marks Group Wealth Management Inc’s holdings in Texas Instruments were worth $7,831,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley raised its holdings in Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after buying an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. raised its stake in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after buying an additional 1,439,066 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after buying an additional 1,385,725 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Texas Instruments during the third quarter valued at $196,135,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TXN shares. KeyCorp upped their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Cantor Fitzgerald increased their price target on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Truist Financial reduced their price objective on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Barclays decreased their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, TD Cowen raised their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average price target of $176.68.

Texas Instruments Stock Performance

Shares of TXN traded up $3.75 during trading hours on Monday, hitting $163.43. The company’s stock had a trading volume of 5,941,312 shares, compared to its average volume of 5,545,162. The company has a market cap of $148.73 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 3.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The business has a 50 day simple moving average of $168.15 and a two-hundred day simple moving average of $161.84. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the firm posted $2.13 EPS. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.68% of the company’s stock.

Texas Instruments Profile

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.