St. Louis Financial Planners Asset Management LLC Sells 253 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

St. Louis Financial Planners Asset Management LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the 4th quarter, HoldingsChannel reports. The firm owned 10,713 shares of the semiconductor company’s stock after selling 253 shares during the period. Texas Instruments makes up 1.5% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 17th biggest position. St. Louis Financial Planners Asset Management LLC’s holdings in Texas Instruments were worth $2,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Assenagon Asset Management S.A. boosted its stake in Texas Instruments by 948.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after buying an additional 4,337,295 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after acquiring an additional 1,029,741 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after purchasing an additional 782,053 shares during the period. International Assets Investment Management LLC grew its stake in shares of Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after acquiring an additional 609,905 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after acquiring an additional 487,892 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the topic of a number of recent analyst reports. Barclays decreased their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Truist Financial lowered their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI raised their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $209.71.

Texas Instruments Stock Up 2.1 %

Shares of TXN stock opened at $197.51 on Thursday. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The stock has a 50 day moving average of $196.30 and a 200 day moving average of $199.76. The stock has a market cap of $180.17 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.69 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the firm earned $1.80 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

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.