Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Reduced by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,701 shares of the semiconductor company’s stock after selling 75 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Texas Instruments were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after acquiring an additional 458,853 shares during the last quarter. State Street Corp lifted its stake in Texas Instruments by 1.9% in the first quarter. State Street Corp now owns 37,818,973 shares of the semiconductor company’s stock valued at $7,034,694,000 after acquiring an additional 721,775 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after acquiring an additional 839,964 shares during the last quarter. Morgan Stanley lifted its stake in Texas Instruments by 54.4% in the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after acquiring an additional 5,191,426 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after acquiring an additional 315,302 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXN has been the subject of a number of analyst reports. Mizuho reduced their price objective 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. Morgan Stanley boosted their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Barclays reduced their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Susquehanna reduced their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Finally, KeyCorp boosted their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $176.68.

Texas Instruments Trading Down 1.1 %

Shares of Texas Instruments stock opened at $165.70 on Thursday. The firm has a market capitalization of $150.80 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04. 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 company’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) last posted its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share 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 quarter in the prior year, the firm earned $2.13 EPS. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. On average, analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s 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 sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by 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.