Heritage Family Offices LLP Has $1.31 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Heritage Family Offices LLP raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,974 shares of the semiconductor company’s stock after purchasing an additional 245 shares during the period. Heritage Family Offices LLP’s holdings in Texas Instruments were worth $1,308,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on TXN shares. Bank of America reduced their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday. Evercore ISI raised their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial dropped their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $209.71.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following 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 position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

Texas Instruments stock opened at $197.51 on Thursday. The company has a market capitalization of $180.17 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.69 and a beta of 0.98. The stock’s 50 day moving average is $196.30 and its 200-day moving average is $199.76. 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 12 month low of $155.46 and a 12 month high of $220.38.

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

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.