Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 98,605 shares of the semiconductor company’s stock after selling 2,344 shares during the period. Argent Capital Management LLC’s holdings in Texas Instruments were worth $18,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TXN. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC grew its stake in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC purchased a new stake in Texas Instruments in the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN opened at $197.51 on Thursday. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a market capitalization of $180.17 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The firm’s 50 day moving average is $196.30 and its 200-day moving average is $199.76. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping 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 business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business posted $1.80 earnings per share. Texas Instruments’s revenue was down 8.4% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Truist Financial lowered their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Bank of America decreased their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $209.71.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.