River Road Asset Management LLC Sells 1,963 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

River Road Asset Management LLC decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 80,087 shares of the semiconductor company’s stock after selling 1,963 shares during the quarter. River Road Asset Management LLC’s holdings in Texas Instruments were worth $13,652,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Annapolis Financial Services LLC lifted its stake in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in Texas Instruments in the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments in the 4th quarter valued at about $26,000. Finally, Riverview Trust Co lifted its stake in Texas Instruments by 57.4% in the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TXN shares. TD Cowen raised their target price on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Evercore ISI initiated coverage on shares of Texas Instruments in a research note on Tuesday. They issued an “outperform” rating and a $213.00 target price for the company. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Susquehanna cut 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. Finally, Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $176.68.

Texas Instruments Stock Down 1.0 %

Shares of TXN opened at $164.09 on Thursday. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The firm’s 50 day moving average is $168.09 and its 200-day moving average is $161.71. The stock has a market capitalization of $149.33 billion, a PE ratio of 23.47, a P/E/G ratio of 3.61 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63.

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

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.