Bailard Inc. Has $11.64 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Bailard Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,284 shares of the semiconductor company's stock after selling 6,522 shares during the period. Bailard Inc.'s holdings in Texas Instruments were worth $11,640,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Riverview Trust Co lifted 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 valued at $29,000 after purchasing an additional 66 shares in the last quarter. Howard Financial Services LTD. raised its holdings in Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company's stock worth $371,000 after acquiring an additional 66 shares in the last quarter. Sandy Spring Bank raised its holdings in Texas Instruments by 3.5% during the fourth quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company's stock worth $330,000 after acquiring an additional 66 shares in the last quarter. Harbour Investments Inc. raised its holdings in Texas Instruments by 2.1% during the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company's stock worth $508,000 after acquiring an additional 67 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its holdings in Texas Instruments by 0.5% during the third quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company's stock worth $1,983,000 after acquiring an additional 68 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.68% of the company's stock.

Texas Instruments Stock Up 5.6 %

Texas Instruments stock traded up $9.34 during midday trading on Wednesday, reaching $174.81. The stock had a trading volume of 13,963,651 shares, compared to its average volume of 5,668,004. 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 company has a fifty day moving average price of $168.66 and a two-hundred day moving average price of $161.99. The company has a market capitalization of $159.09 billion, a P/E ratio of 24.76, a PEG ratio of 3.52 and a beta of 1.04. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company's revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on TXN shares. The Goldman Sachs Group upped their price objective on Texas Instruments from $137.00 to $157.00 and gave the company a "sell" rating in a research note on Wednesday. Truist Financial upped their price objective on Texas Instruments from $165.00 to $167.00 and gave the company a "hold" rating in a research note on Wednesday. Rosenblatt Securities restated a "buy" rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. Barclays dropped their price objective on Texas Instruments from $160.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 24th. Finally, Morgan Stanley upped their target price on Texas Instruments from $138.00 to $146.00 and gave the company an "underweight" rating in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $181.79.

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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