Boussard & Gavaudan Investment Management LLP Has $15.51 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Boussard & Gavaudan Investment Management LLP boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 57.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,500 shares of the semiconductor company's stock after purchasing an additional 29,986 shares during the period. Texas Instruments accounts for 1.3% of Boussard & Gavaudan Investment Management LLP's investment portfolio, making the stock its 26th biggest holding. Boussard & Gavaudan Investment Management LLP's holdings in Texas Instruments were worth $15,507,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after buying an additional 649,620 shares during the last quarter. State Street Corp raised its position in Texas Instruments by 0.9% during the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock valued at $8,609,679,000 after acquiring an additional 391,306 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock valued at $4,382,936,000 after purchasing an additional 487,892 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $2,584,490,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of analyst reports. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company reduced their target price on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $209.20.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

NASDAQ:TXN traded up $3.60 on Monday, reaching $179.93. The stock had a trading volume of 5,004,169 shares, compared to its average volume of 5,707,576. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $163.72 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The stock has a fifty day moving average price of $186.45 and a 200-day moving average price of $194.62.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the company posted $1.49 EPS. Research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.