Trust Investment Advisors Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Trust Investment Advisors bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,278 shares of the semiconductor company's stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in Texas Instruments during the fourth quarter worth about $27,000. Cloud Capital Management LLC purchased a new stake in Texas Instruments during the first quarter valued at about $28,000. Copia Wealth Management purchased a new stake in Texas Instruments during the fourth quarter valued at about $30,000. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments during the first quarter valued at about $34,000. Finally, Park Square Financial Group LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $41,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXN has been the topic of a number of research reports. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Cowen restated a "hold" rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Benchmark reduced their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Mizuho raised their price objective on Texas Instruments from $170.00 to $205.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $203.53.

Texas Instruments Stock Down 0.0%

Texas Instruments stock traded down $0.05 during trading hours on Thursday, hitting $216.59. 4,912,897 shares of the stock traded hands, compared to its average volume of 6,468,932. The firm's 50-day moving average price is $197.45 and its two-hundred day moving average price is $184.86. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The company has a market cap of $196.77 billion, a PE ratio of 41.10, a PEG ratio of 3.56 and a beta of 1.03. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

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.