Grunden Financial Advisory Inc. Buys New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Grunden Financial Advisory Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, HoldingsChannel reports. The fund purchased 35,265 shares of the semiconductor company’s stock, valued at approximately $6,011,000. Texas Instruments comprises approximately 3.4% of Grunden Financial Advisory Inc.’s holdings, making the stock its 9th biggest position.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after acquiring an additional 458,853 shares in the last quarter. State Street Corp grew its stake in shares of Texas Instruments by 1.9% in the first quarter. State Street Corp now owns 37,818,973 shares of the semiconductor company’s stock worth $7,034,694,000 after acquiring an additional 721,775 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Texas Instruments by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after acquiring an additional 839,964 shares in the last quarter. Morgan Stanley lifted its position in shares of Texas Instruments by 54.4% during the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after purchasing an additional 5,191,426 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after purchasing an additional 315,302 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following 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 SEC, which is available at this hyperlink. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN traded down $2.03 during trading on Thursday, reaching $163.67. The company’s stock had a trading volume of 5,605,541 shares, compared to its average volume of 5,473,847. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The firm has a market cap of $148.95 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 3.61 and a beta of 1.04. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The business’s fifty day moving average price is $168.09 and its 200-day moving average price is $161.71.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TXN shares. TD Cowen lifted their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Morgan Stanley lifted their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Susquehanna decreased their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Cantor Fitzgerald lifted their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Evercore ISI assumed coverage on shares of Texas Instruments in a research report on Tuesday. They set an “outperform” rating and a $213.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $176.68.

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.