Argent Capital Management LLC Has $18.49 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Argent Capital Management LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TXN. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the third quarter worth $28,000. Tsfg LLC boosted its holdings in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments during the 3rd quarter valued at about $39,000. FSA Wealth Management LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at about $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments in the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 2.1 %

TXN opened at $197.51 on Thursday. The firm 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 Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $196.30 and a 200 day moving average of $199.76.

Texas Instruments (NASDAQ:TXN) last posted its quarterly 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 the consensus estimate of $4.12 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent analyst reports. Truist Financial lowered their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $209.71.

Insider Buying and Selling

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated 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 sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % 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.

About Texas Instruments

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.