Wynn Capital LLC Takes $788,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Wynn Capital LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,625 shares of the semiconductor company’s stock, valued at approximately $788,000.

A number of other institutional investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd lifted its holdings in shares of Texas Instruments by 5.5% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,608 shares of the semiconductor company’s stock valued at $1,463,000 after purchasing an additional 446 shares in the last quarter. Private Management Group Inc. increased its position in shares of Texas Instruments by 6.3% in the fourth quarter. Private Management Group Inc. now owns 1,372 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 81 shares during the last quarter. South Dakota Investment Council increased its position in shares of Texas Instruments by 14.8% in the fourth quarter. South Dakota Investment Council now owns 109,451 shares of the semiconductor company’s stock valued at $18,657,000 after acquiring an additional 14,101 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $978,000. Finally, Beaumont Asset Management L.L.C. increased its position in shares of Texas Instruments by 6.4% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 2,918 shares of the semiconductor company’s stock valued at $497,000 after acquiring an additional 175 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Mizuho boosted their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a report on Wednesday. Finally, The Goldman Sachs Group increased their price target on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $181.79.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $9.34 during mid-day trading on Wednesday, reaching $174.81. The company had a trading volume of 13,963,651 shares, compared to its average volume of 5,668,004. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm has a market cap of $159.09 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 3.52 and a beta of 1.04. The company’s 50-day moving average price is $168.32 and its 200-day moving average price is $161.90. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.16 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.