Scotia Capital Inc. Buys 12,683 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Scotia Capital Inc. raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 67.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,430 shares of the semiconductor company's stock after buying an additional 12,683 shares during the quarter. Scotia Capital Inc.'s holdings in Texas Instruments were worth $5,894,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Promus Capital LLC bought a new position in Texas Instruments in the fourth quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at $27,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on TXN. Benchmark reiterated a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Finally, UBS Group cut their price target on Texas Instruments from $250.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $206.86.

Texas Instruments Stock Up 1.2 %

Shares of NASDAQ TXN traded up $1.71 during trading on Thursday, hitting $148.26. The stock had a trading volume of 2,640,310 shares, compared to its average volume of 6,120,696. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a fifty day moving average of $178.34 and a two-hundred day moving average of $190.25. The company has a market capitalization of $134.90 billion, a PE ratio of 28.58, a PEG ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 company earned $1.49 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

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.