Heritage Trust Co Buys New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Heritage Trust Co acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,596 shares of the semiconductor company's stock, valued at approximately $487,000.

A number of other institutional investors also recently modified their holdings of TXN. Howard Capital Management Group LLC acquired a new position in Texas Instruments in the third quarter worth approximately $202,000. TD Private Client Wealth LLC raised its holdings in Texas Instruments by 1.2% during the third quarter. TD Private Client Wealth LLC now owns 10,556 shares of the semiconductor company's stock valued at $2,181,000 after buying an additional 123 shares in the last quarter. Soltis Investment Advisors LLC bought a new stake in Texas Instruments during the third quarter worth approximately $292,000. Invst LLC bought a new position in shares of Texas Instruments in the third quarter valued at approximately $209,000. Finally, Anchor Investment Management LLC raised its holdings in Texas Instruments by 25.7% in the 3rd quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company's stock worth $2,403,000 after acquiring an additional 2,378 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. Corporate insiders own 0.57% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded up $2.79 during trading hours on Thursday, reaching $149.34. 2,925,066 shares of the stock were exchanged, compared to its average volume of 7,544,311. The stock's fifty day simple moving average is $178.34 and its 200 day simple moving average is $190.25. The firm has a market capitalization of $135.89 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the business earned $1.49 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Wall Street Analysts Forecast Growth

TXN has been the subject of several research analyst reports. Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research note on Monday, April 7th. Mizuho reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $206.86.

Texas Instruments Company 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.