Todays Report: Today, Smithfield Trust Co. decides to keep it stake in Texas Instruments Inc. (TXN) to the level of $313,000

Today, Smithfield Trust Co. decides to keep it stake in Texas Instruments Inc. (TXN) to the level of $313,000

Smithfield Trust Co. maintained its stake in Texas Instruments Inc. (NASDAQ:TXN) during the second quarter, Holdings Channel reports. The fund owned 4,997 shares of the company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Texas Instruments were worth $313,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of Texas Instruments by 5.0% in the first quarter. Geode Capital Management LLC now owns 8,976,226 shares of the company’s stock worth $514,463,000 after buying an additional 430,418 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Texas Instruments by 12.1% in the first quarter. Loomis Sayles & Co. L P now owns 1,130,690 shares of the company’s stock valued at $64,924,000 after buying an additional 121,837 shares in the last quarter. Parametric Risk Advisors LLC bought a new stake in Texas Instruments during the first quarter valued at $22,968,000. Riverhead Capital Management LLC raised its stake in Texas Instruments by 84.2% in the first quarter. Riverhead Capital Management LLC now owns 635,889 shares of the company’s stock valued at $36,512,000 after buying an additional 290,685 shares in the last quarter. Finally, AXA raised its stake in Texas Instruments by 23.7% in the first quarter. AXA now owns 955,847 shares of the company’s stock valued at $54,885,000 after buying an additional 183,157 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.

Texas Instruments Inc. (NASDAQ:TXN) traded up 1.51% on Tuesday, reaching $69.45. 1,778,358 shares of the company traded hands. The stock has a 50-day moving average of $69.23 and a 200 day moving average of $64.25. The company has a market capitalization of $69.67 billion, a PE ratio of 23.40 and a beta of 1.32. Texas Instruments Inc. has a 52-week low of $46.73 and a 52-week high of $72.58.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Monday, July 25th. The company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Texas Instruments had a net margin of 23.89% and a return on equity of 30.14%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. On average, equities analysts forecast that Texas Instruments Inc. will post $3.06 EPS for the current year.

Several equities research analysts have recently weighed in on the company. B. Riley reissued a “neutral” rating and set a $69.00 price objective on shares of Texas Instruments in a research note on Tuesday, July 26th. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday, July 27th. MKM Partners raised their price objective on Texas Instruments from $59.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 26th. Cowen and Company raised their price objective on Texas Instruments from $60.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 26th. Finally, Drexel Hamilton raised their price objective on Texas Instruments from $71.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the stock. Texas Instruments has a consensus rating of “Hold” and a consensus target price of $69.32.

In other Texas Instruments news, insider Kevin J. Ritchie sold 61,499 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $70.82, for a total transaction of $4,355,359.18. Following the transaction, the insider now owns 249,548 shares in the company, valued at approximately $17,672,989.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen A. Anderson sold 103,125 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $70.08, for a total transaction of $7,227,000.00. Following the transaction, the insider now owns 292,446 shares in the company, valued at approximately $20,494,615.68. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by company insiders.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).

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