HTLF Bank Invests $5.03 Million in Texas Instruments Incorporated (NASDAQ:TXN)

HTLF Bank bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,532 shares of the semiconductor company's stock, valued at approximately $5,034,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Lafayette Investments Inc. lifted its stake in shares of Texas Instruments by 5.3% in the fourth quarter. Lafayette Investments Inc. now owns 9,966 shares of the semiconductor company's stock worth $1,699,000 after buying an additional 505 shares during the last quarter. Grunden Financial Advisory Inc. acquired a new position in Texas Instruments during the 4th quarter valued at $6,011,000. Fidelis Capital Partners LLC raised its stake in Texas Instruments by 7.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,202 shares of the semiconductor company's stock valued at $716,000 after purchasing an additional 299 shares during the last quarter. Western Wealth Management LLC raised its stake in Texas Instruments by 3.0% during the 4th quarter. Western Wealth Management LLC now owns 11,775 shares of the semiconductor company's stock valued at $2,007,000 after purchasing an additional 344 shares during the last quarter. Finally, Xponance Inc. raised its stake in Texas Instruments by 3.5% during the 4th quarter. Xponance Inc. now owns 155,257 shares of the semiconductor company's stock valued at $26,465,000 after purchasing an additional 5,199 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred 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 directly owns 11,693 shares of the company's stock, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.68% of the stock is owned by company insiders.

Texas Instruments Trading Down 2.4 %

Shares of NASDAQ:TXN traded down $3.99 during mid-day trading on Friday, reaching $159.68. The stock had a trading volume of 10,496,889 shares, compared to its average volume of 5,539,934. The firm has a market cap of $145.32 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The firm has a 50 day simple moving average of $168.10 and a two-hundred day simple moving average of $161.72. 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 Incorporated has a twelve month low of $139.48 and a twelve month 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 for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $4.12 billion. During the same period last year, the company posted $2.13 EPS. Texas Instruments's revenue for the quarter was down 12.7% on a year-over-year basis. On average, research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Mizuho cut their target price on shares of Texas Instruments from $170.00 to $164.00 and set a "neutral" rating for the company in a research note on Wednesday, January 24th. Evercore ISI began coverage on shares of Texas Instruments in a report on Tuesday. They issued an "outperform" rating and a $213.00 price target on the stock. Morgan Stanley upped their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an "underweight" rating in a report on Wednesday, January 24th. Cantor Fitzgerald upped their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $176.68.

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.