Texas Instruments Incorporated (TXN) Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,156 shares of the semiconductor company’s stock after selling 1,930 shares during the period. Cullinan Associates Inc.’s holdings in Texas Instruments were worth $8,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TXN. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 1.0% during the third quarter. Vanguard Group Inc. now owns 85,524,906 shares of the semiconductor company’s stock worth $9,175,968,000 after buying an additional 807,808 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Texas Instruments by 1.0% during the third quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock worth $9,175,968,000 after buying an additional 807,808 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Texas Instruments by 3.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 23,763,599 shares of the semiconductor company’s stock worth $2,549,597,000 after buying an additional 811,931 shares during the last quarter. Capital International Investors grew its stake in shares of Texas Instruments by 46.4% during the third quarter. Capital International Investors now owns 16,525,393 shares of the semiconductor company’s stock worth $1,773,009,000 after buying an additional 5,240,065 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Texas Instruments by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 13,837,835 shares of the semiconductor company’s stock worth $1,484,661,000 after buying an additional 337,435 shares during the last quarter. Institutional investors and hedge funds own 84.65% of the company’s stock.

In related news, Director Martin S. Craighead acquired 10,900 shares of the company’s stock in a transaction dated Thursday, October 25th. The shares were purchased at an average price of $91.70 per share, for a total transaction of $999,530.00. Following the completion of the acquisition, the director now owns 13,100 shares of the company’s stock, valued at $1,201,270. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kyle M. Flessner sold 16,088 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the transaction, the insider now owns 43,270 shares in the company, valued at approximately $4,067,380. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.



A number of analysts have weighed in on the stock. UBS Group decreased their target price on shares of Texas Instruments from $93.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, October 24th. BidaskClub cut shares of Texas Instruments from a “sell” rating to a “strong sell” rating in a research note on Friday, September 14th. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. BMO Capital Markets reduced their price objective on shares of Texas Instruments from $138.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 24th. Finally, Loop Capital reduced their price objective on shares of Texas Instruments to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $115.24.

TXN traded up $1.00 during trading on Friday, reaching $98.72. 225,169 shares of the stock traded hands, compared to its average volume of 6,538,903. The company has a current ratio of 3.97, a quick ratio of 3.09 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $92.44 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $120.75.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.4 EPS for the current fiscal year.

Texas Instruments declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 20th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 11.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: This report was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://dakotafinancialnews.com/2019/01/11/texas-instruments-incorporated-txn-shares-sold-by-cullinan-associates-inc.html.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

Featured Story: What is a Candlestick Chart?

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply