Grunden Financial Advisory Inc. Buys New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Grunden Financial Advisory Inc. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,265 shares of the semiconductor company's stock, valued at approximately $6,011,000. Texas Instruments makes up 3.4% of Grunden Financial Advisory Inc.'s investment portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Tennessee Valley Asset Management Partners purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new stake in shares of Texas Instruments in the fourth quarter worth about $26,000. Annapolis Financial Services LLC increased its holdings in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Texas Instruments in the third quarter worth about $25,000. Finally, 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. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 1.2 %

Shares of NASDAQ TXN traded down $2.03 during trading hours on Thursday, reaching $163.67. The stock had a trading volume of 5,605,541 shares, compared to its average volume of 5,473,847. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm has a market cap of $148.95 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 3.61 and a beta of 1.04. The business's fifty day moving average price is $168.09 and its two-hundred day moving average price is $161.71. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments's quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 earnings per share. Analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Analysts Set New Price Targets

TXN has been the topic of several research reports. Mizuho reduced their target price on Texas Instruments from $170.00 to $164.00 and set a "neutral" rating on the stock in a report on Wednesday, January 24th. Barclays reduced their target price on Texas Instruments from $160.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 24th. Cantor Fitzgerald boosted their price objective on Texas Instruments from $170.00 to $180.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Rosenblatt Securities reissued a "buy" rating and set a $190.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, Morgan Stanley boosted their price objective on Texas Instruments from $138.00 to $146.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus target price of $176.68.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

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.

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