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Adage Capital Partners GP L.L.C. Sells 74,600 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Written by Amanda

Adage Capital Partners GP L.L.C. trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 772,744 shares of the semiconductor company’s stock after selling 74,600 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of Texas Instruments worth $122,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Annapolis Financial Services LLC increased 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 worth $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Texas Instruments in the third quarter worth about $25,000. Riverview Trust Co increased its holdings in shares of Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Texas Instruments in the fourth quarter worth about $30,000. Finally, AMH Equity Ltd purchased a new position in Texas Instruments in the third quarter worth about $32,000. 83.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TXN. Morgan Stanley lifted their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Susquehanna dropped their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Mizuho lowered their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Benchmark reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, November 15th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price target on shares of Texas Instruments in a report on Monday, February 12th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $173.89.

View Our Latest Stock Analysis on Texas Instruments

Texas Instruments Stock Performance

NASDAQ:TXN traded up $3.72 during mid-day trading on Friday, hitting $171.05. The company’s stock had a trading volume of 5,233,691 shares, compared to its average volume of 4,135,930. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The stock has a market cap of $155.53 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 3.67 and a beta of 1.04. The business’s fifty day moving average is $165.11 and its two-hundred day moving average is $160.37.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the company posted $2.13 EPS. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. Analysts anticipate that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.04%. Texas Instruments’s payout ratio is 73.65%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

Texas Instruments Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXNFree Report).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Texas Instruments, you’ll want to hear this.

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While Texas Instruments currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Source: marketbeat.com

Adage Capital Partners GP L.L.C. trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 772,744 shares of the semiconductor company’s stock after selling 74,600 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of Texas Instruments worth $122,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Annapolis Financial Services LLC increased 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 worth $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Texas Instruments in the third quarter worth about $25,000. Riverview Trust Co increased its holdings in shares of Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Texas Instruments in the fourth quarter worth about $30,000. Finally, AMH Equity Ltd purchased a new position in Texas Instruments in the third quarter worth about $32,000. 83.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TXN. Morgan Stanley lifted their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Susquehanna dropped their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Mizuho lowered their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Benchmark reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, November 15th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price target on shares of Texas Instruments in a report on Monday, February 12th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $173.89.

View Our Latest Stock Analysis on Texas Instruments

Texas Instruments Stock Performance

NASDAQ:TXN traded up $3.72 during mid-day trading on Friday, hitting $171.05. The company’s stock had a trading volume of 5,233,691 shares, compared to its average volume of 4,135,930. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The stock has a market cap of $155.53 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 3.67 and a beta of 1.04. The business’s fifty day moving average is $165.11 and its two-hundred day moving average is $160.37.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the company posted $2.13 EPS. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. Analysts anticipate that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.04%. Texas Instruments’s payout ratio is 73.65%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

Texas Instruments Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXNFree Report).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Texas Instruments, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Texas Instruments wasn’t on the list.

While Texas Instruments currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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