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Perigon Wealth Management LLC Has $289,000 Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

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Perigon Wealth Management LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,506 shares of the semiconductor company’s stock after selling 66 shares during the quarter. Perigon Wealth Management LLC’s holdings in Texas Instruments were worth $289,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in TXN. Amundi acquired a new position in shares of Texas Instruments in the second quarter valued at approximately $572,588,000. Nordea Investment Management AB boosted its holdings in shares of Texas Instruments by 99.1% in the third quarter. Nordea Investment Management AB now owns 4,380,006 shares of the semiconductor company’s stock valued at $849,962,000 after buying an additional 2,180,174 shares during the period. Bank of Montreal Can boosted its holdings in shares of Texas Instruments by 24.8% in the second quarter. Bank of Montreal Can now owns 5,097,525 shares of the semiconductor company’s stock valued at $983,669,000 after buying an additional 1,011,625 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Instruments by 7.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 12,276,389 shares of the semiconductor company’s stock valued at $2,360,750,000 after buying an additional 862,072 shares during the period. Finally, Capital International Investors boosted its holdings in shares of Texas Instruments by 22.3% in the second quarter. Capital International Investors now owns 4,495,732 shares of the semiconductor company’s stock valued at $864,549,000 after buying an additional 820,011 shares during the period. Institutional investors own 82.54% of the company’s stock.

Shares of Texas Instruments stock opened at $187.40 on Friday. The company has a market capitalization of $173.07 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.51 and a beta of 0.94. The company has a quick ratio of 4.86, a current ratio of 5.63 and a debt-to-equity ratio of 0.60. Texas Instruments Incorporated has a 12-month low of $160.48 and a 12-month high of $202.26. The firm’s 50-day moving average price is $191.94 and its two-hundred day moving average price is $190.93.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 26th. The semiconductor company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.01. Texas Instruments had a net margin of 41.61% and a return on equity of 68.63%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, sell-side analysts expect that Texas Instruments Incorporated will post 7.96 earnings per share for the current year.

In related news, VP Haviv Ilan sold 48,000 shares of Texas Instruments stock in a transaction that occurred on Friday, October 29th. The shares were sold at an average price of $187.89, for a total transaction of $9,018,720.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mark Gary sold 4,991 shares of Texas Instruments stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $190.00, for a total transaction of $948,290.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,241 shares of company stock worth $10,772,343. 0.61% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on the stock. Longbow Research cut shares of Texas Instruments from a “buy” rating to a “neutral” rating in a report on Monday, September 20th. Rosenblatt Securities restated a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 27th. KeyCorp increased their target price on shares of Texas Instruments from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 27th. Truist Securities increased their target price on shares of Texas Instruments from $200.00 to $208.00 and gave the stock a “hold” rating in a report on Wednesday, October 27th. Finally, Morgan Stanley increased their target price on shares of Texas Instruments from $193.00 to $195.00 and gave the stock an “underweight” rating in a report on Wednesday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $210.74.

About Texas Instruments

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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