Maverick Capital Ltd. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 15.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,564 shares of the semiconductor company’s stock after buying an additional 4,838 shares during the period. Maverick Capital Ltd.’s holdings in Texas Instruments were worth $3,554,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in Texas Instruments by 1.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 123,755 shares of the semiconductor company’s stock valued at $15,877,000 after acquiring an additional 2,323 shares in the last quarter. Honkamp Krueger Financial Services Inc. lifted its position in shares of Texas Instruments by 75.4% during the first quarter. Honkamp Krueger Financial Services Inc. now owns 17,439 shares of the semiconductor company’s stock worth $1,743,000 after purchasing an additional 7,498 shares in the last quarter. Fieldpoint Private Securities LLC lifted its position in shares of Texas Instruments by 102.4% during the fourth quarter. Fieldpoint Private Securities LLC now owns 15,398 shares of the semiconductor company’s stock worth $1,975,000 after purchasing an additional 7,790 shares in the last quarter. BancorpSouth Bank lifted its position in shares of Texas Instruments by 2.7% during the first quarter. BancorpSouth Bank now owns 5,767 shares of the semiconductor company’s stock worth $577,000 after purchasing an additional 151 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new position in shares of Texas Instruments during the first quarter worth $16,929,000. Hedge funds and other institutional investors own 83.88% of the company’s stock.
TXN has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Texas Instruments from $135.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 22nd. Nomura Securities reissued a “hold” rating and set a $120.00 target price on shares of Texas Instruments in a research report on Tuesday, March 10th. Mizuho reduced their target price on shares of Texas Instruments from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Goldman Sachs Group lowered shares of Texas Instruments from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $123.00 to $88.00 in a research note on Tuesday, March 24th. Finally, Morgan Stanley lifted their price target on shares of Texas Instruments from $94.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 16th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $123.74.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.01 by $0.23. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.14 billion. Texas Instruments had a net margin of 35.17% and a return on equity of 57.45%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. As a group, equities research analysts expect that Texas Instruments Incorporated will post 4.01 EPS for the current fiscal year.
In other news, VP Ahmad Bahai sold 3,185 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $115.57, for a total transaction of $368,090.45. Following the completion of the transaction, the vice president now owns 27,168 shares in the company, valued at $3,139,805.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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