Garrison Financial Corp boosted its position in Texas Instruments Inc. (NASDAQ:TXN) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 62,717 shares of the company’s stock after buying an additional 52 shares during the period. Texas Instruments accounts for approximately 2.6% of Garrison Financial Corp’s investment portfolio, making the stock its 4th largest position. Garrison Financial Corp’s holdings in Texas Instruments were worth $3,929,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. JNBA Financial Advisors increased its stake in shares of Texas Instruments by 285.7% in the second quarter. JNBA Financial Advisors now owns 2,700 shares of the company’s stock valued at $169,000 after buying an additional 2,000 shares in the last quarter. TNB Financial purchased a new stake in shares of Texas Instruments during the second quarter valued at $202,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Texas Instruments during the second quarter valued at $205,000. iAB Financial Bank purchased a new stake in shares of Texas Instruments during the second quarter valued at $210,000. Finally, Trust Co. of Oklahoma purchased a new stake in shares of Texas Instruments during the second quarter valued at $213,000. Institutional investors and hedge funds own 86.89% of the company’s stock.
Shares of Texas Instruments Inc. (NASDAQ:TXN) traded up 0.49% during midday trading on Friday, reaching $70.18. 5,071,022 shares of the company’s stock traded hands. The stock’s 50 day moving average is $69.40 and its 200-day moving average is $63.11. Texas Instruments Inc. has a 52 week low of $46.73 and a 52 week high of $72.58. The company has a market capitalization of $70.41 billion, a PE ratio of 23.65 and a beta of 1.19.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. Texas Instruments had a return on equity of 30.14% and a net margin of 23.89%. The firm earned $3.27 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts forecast that Texas Instruments Inc. will post $3.06 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on TXN. B. Riley reissued a “neutral” rating and issued a $69.00 target price on shares of Texas Instruments in a research note on Tuesday, July 26th. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Wednesday, July 27th. MKM Partners increased their target price on shares of Texas Instruments from $59.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, July 26th. Cowen and Company increased their target price on shares of Texas Instruments from $60.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, July 26th. Finally, Drexel Hamilton increased their target price on shares of Texas Instruments from $71.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $68.44.
In other Texas Instruments news, insider Bing Xie sold 11,565 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $69.12, for a total value of $799,372.80. Following the completion of the transaction, the insider now owns 187,370 shares in the company, valued at $12,951,014.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cynthia Hoff Trochu sold 20,506 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $70.65, for a total value of $1,448,748.90. Following the completion of the transaction, the senior vice president now owns 61,150 shares of the company’s stock, valued at approximately $4,320,247.50. The disclosure for this sale can be found here. Corporate 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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