The Vanguard Group, Inc. recently announced the acquisition of new stake in Texas Instruments Incorporated (NASDAQ:TXN). The institutional investor has increased its shareholding in the Technology company by 0.27% to 83.35 million shares with purchase of 0.23 million shares. This fresh investment now brings its stake to 9.18% valued currently at $13.39 billion. In addition, SSgA Funds Management, Inc. raised its holdings by 0.1 million to 37.64 million shares. And Geode Capital Management LLC has lifted its position by 1.23% or 0.24 million shares – to 19.56 million shares.
With over 4.67 million Texas Instruments Incorporated (TXN) shares trading Tuesday and a closing price of $177.22 on the day, the dollar volume was approximately $828.14 million. The shares have shown a positive half year performance of 5.58% and its price on 11/22/22 gained nearly 2.80%. Currently, there are 913.00M common shares owned by the public and among those 905.72M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 31 analysts who have offered their price forecasts for TXN have a consensus price objective of $172.48. The analysts have set the share’s price value over the next 12 months at a high of $230.00 and a low of $140.00. The average price target is -3.12% below its recent price level and a downside to the estimated low will see the stock lose -26.59% over that period. But an upside of 22.95% will see the stock hit the forecast high price target while median target price for the stock is $165.00.
Insiders at the company have transacted a total of 64 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 268,011 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 199,583 shares.
The top 3 mutual fund holders in Texas Instruments Incorporated are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Invesco QQQ Trust. Vanguard Total Stock Market Index owns 27.42 million shares of the company’s stock, all valued at over $4.4 billion. The company bought an additional 0.13 million shares recently to bring their total holdings to about 3.02% of the shares outstanding. Vanguard 500 Index Fund bought 0.2 million shares to see its total holdings expand to 20.91 million shares valued at over $3.36 billion and representing 2.30% of the shares outstanding. Invesco QQQ Trust sold 12130.0 shares to bring its total holdings to over 13.23 million shares at a value of $2.13 billion. Invesco QQQ Trust now owns shares totaling to 1.46% of the shares outstanding.
Shares of Texas Instruments Incorporated (NASDAQ: TXN) opened at $174.84, up $2.44 from a prior closing price of $172.40. However, the script later moved the day high at 177.31, up 2.80%. The company’s stock has a 5-day price change of -0.20% and 2.92% over the past three months. TXN shares are trading -5.97% year to date (YTD), with the 12-month market performance down to -7.94% lower. It has a 12-month low price of $144.46 and touched a high of $199.90 over the same period. TXN has an average intraday trading volume of 6.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.00%, 9.00%, and 5.47% respectively.
Institutional ownership of Texas Instruments Incorporated (NASDAQ: TXN) shares accounts for 86.70% of the company’s 913.00M shares outstanding. Mutual fund holders own 33.66%, while other institutional holders and individual stakeholders account for 52.56% and 0.54% respectively.
It has a market capitalization of $161.00B and a beta (3y monthly) value of 0.99. The stock’s trailing 12-month PE ratio is 18.56, while the earnings-per-share (ttm) stands at $9.55. The company has a PEG of 1.86 and a Quick Ratio of 4.10 with the debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.12% over the week and 2.86% over the month.
Analysts forecast that Texas Instruments Incorporated (TXN) will achieve an EPS of $1.98 for the current quarter, $1.87 for the next quarter and $8.09 for 2023. The lowest estimate earnings-per-share for the quarter is $1.86 while analysts give the company a high EPS estimate of $2.07. Comparatively, EPS for the current quarter was $2.27 a year ago. Earnings per share for the fiscal year are expected to increase by 38.50%, and -13.87% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 18.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 31 brokerage firm advisors rate Texas Instruments Incorporated (TXN) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 18 of the 31 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the TXN, a number of firms have released research notes about the stock. Credit Suisse stated their Neutral rating for the stock in a research note on November 16, 2022, with the firm’s price target at $185-$205. Barclays coverage for the Texas Instruments Incorporated (TXN) stock in a research note released on October 24, 2022 offered a Equal Weight rating with a price target of $150. Cowen was of a view on October 11, 2022 that the stock is Market Perform, while DZ Bank gave the stock Hold rating on July 05, 2022, issuing a price target of $150. The Benchmark Company on their part issued Buy rating on June 30, 2022.