Paragon Capital Management Ltd Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Paragon Capital Management Ltd lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,333 shares of the semiconductor company’s stock after selling 148 shares during the quarter. Paragon Capital Management Ltd’s holdings in Texas Instruments were worth $813,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments in the 3rd quarter worth approximately $28,000. Tsfg LLC lifted its position in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Texas Instruments in the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC purchased a new position in Texas Instruments in the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Texas Instruments in the 3rd quarter worth approximately $43,000. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TXN. Mizuho set a $200.00 price target on Texas Instruments in a research note on Friday, October 18th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Barclays reduced their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Evercore ISI boosted their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $209.71.

Texas Instruments Price Performance

NASDAQ:TXN opened at $197.51 on Thursday. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The firm has a market capitalization of $180.17 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.69 and a beta of 0.98. The business has a 50 day simple moving average of $196.30 and a 200-day simple moving average of $199.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.80 EPS. Equities analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Insider Activity

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Texas Instruments Company 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.