The Heathbridge Capital Management Ltd. Has $27,454,000 Position in Texas Instruments Inc. (TXN)

The Heathbridge Capital Management Ltd. Has $27,454,000 Position in Texas Instruments Inc. (TXN)

Heathbridge Capital Management Ltd. cut its stake in shares of Texas Instruments Inc. (NASDAQ:TXN) by 5.3% during the third quarter, Holdings Channel reports. The firm owned 391,200 shares of the company’s stock after selling 21,800 shares during the period. Texas Instruments accounts for 7.2% of Heathbridge Capital Management Ltd.’s portfolio, making the stock its 2nd largest position. Heathbridge Capital Management Ltd.’s holdings in Texas Instruments were worth $27,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. UMB Bank N A MO increased its position in shares of Texas Instruments by 3.5% in the second quarter. UMB Bank N A MO now owns 290,464 shares of the company’s stock valued at $18,198,000 after buying an additional 9,802 shares during the period. Boston Advisors LLC increased its position in shares of Texas Instruments by 0.5% in the second quarter. Boston Advisors LLC now owns 66,739 shares of the company’s stock valued at $4,181,000 after buying an additional 304 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Texas Instruments by 1.4% in the second quarter. Cullen Frost Bankers Inc. now owns 79,691 shares of the company’s stock valued at $4,993,000 after buying an additional 1,094 shares during the period. PGGM Investments increased its position in shares of Texas Instruments by 14.6% in the second quarter. PGGM Investments now owns 521,767 shares of the company’s stock valued at $32,689,000 after buying an additional 66,653 shares during the period. Finally, Genesee Valley Trust Co. increased its position in shares of Texas Instruments by 20.0% in the second quarter. Genesee Valley Trust Co. now owns 18,705 shares of the company’s stock valued at $1,172,000 after buying an additional 3,123 shares during the period. Institutional investors own 84.98% of the company’s stock.

Texas Instruments Inc. (NASDAQ:TXN) opened at 74.38 on Thursday. Texas Instruments Inc. has a 12-month low of $49.01 and a 12-month high of $75.30. The stock’s 50 day moving average price is $73.35 and its 200 day moving average price is $70.18. The company has a market capitalization of $74.34 billion, a price-to-earnings ratio of 23.61 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.08. The firm had revenue of $3.68 billion for the quarter. Texas Instruments had a net margin of 24.73% and a return on equity of 31.60%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. On average, equities research analysts anticipate that Texas Instruments Inc. will post $3.16 earnings per share for the current fiscal year.

Several analysts have recently commented on the company. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group AG raised Texas Instruments from a “neutral” rating to an “outperform” rating and raised their price target for the company from $77.00 to $95.00 in a report on Monday, January 9th. Susquehanna assumed coverage on Texas Instruments in a report on Tuesday, December 20th. They issued a “positive” rating for the company. Summit Redstone reissued a “buy” rating and issued a $84.00 price target on shares of Texas Instruments in a report on Thursday, December 29th. Finally, Evercore ISI reaffirmed a “hold” rating and set a $80.00 price objective (up from $75.00) on shares of Texas Instruments in a report on Friday, December 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the stock. Texas Instruments has an average rating of “Hold” and a consensus price target of $72.26.

In other news, insider Brian T. Crutcher sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $70.69, for a total value of $1,060,350.00. Following the sale, the insider now directly owns 309,250 shares of the company’s stock, valued at $21,860,882.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.02% of the company’s stock.

About Texas Instruments

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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