GKV Capital Management Co. Inc. Invests $110,000 in Texas Instruments Incorporated (NASDAQ:TXN)

GKV Capital Management Co. Inc. bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 587 shares of the semiconductor company’s stock, valued at approximately $110,000.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Texas Instruments during the 4th quarter worth $2,584,490,000. Assenagon Asset Management S.A. lifted its stake in shares of Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after acquiring an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. increased its position in Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. Invesco Ltd. raised its position in Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Texas Instruments during the fourth quarter worth about $295,665,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $146.55 on Thursday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The firm has a market capitalization of $133.35 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.30 and a beta of 0.99. The stock’s 50 day moving average is $178.34 and its 200-day moving average is $190.25.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the firm earned $1.49 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TXN shares. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Citigroup decreased their target price on Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Truist Financial dropped their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $208.76.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company’s stock.

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.