Concentric Capital Strategies LP Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

Concentric Capital Strategies LP lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 77.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,055 shares of the semiconductor company's stock after selling 61,973 shares during the period. Concentric Capital Strategies LP's holdings in Texas Instruments were worth $3,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXN. MidAtlantic Capital Management Inc. acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC increased its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $39,000. FSA Wealth Management LLC acquired a new position in shares of Texas Instruments during the third quarter worth $41,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments during the third quarter worth approximately $43,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded down $3.86 during mid-day trading on Tuesday, hitting $197.92. 1,826,806 shares of the stock were exchanged, compared to its average volume of 5,538,547. The company has a 50-day simple moving average of $204.29 and a 200 day simple moving average of $200.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 12 month low of $154.02 and a 12 month high of $220.38. The company has a market capitalization of $180.55 billion, a P/E ratio of 37.51, a P/E/G ratio of 4.40 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the business earned $1.80 EPS. The business's revenue for the quarter was down 8.4% on a year-over-year basis. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.75%. Texas Instruments's dividend payout ratio is 101.12%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays lowered their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Wells Fargo & Company began coverage on Texas Instruments in a report on Friday, November 22nd. They issued an "equal weight" rating and a $215.00 target price on the stock. Evercore ISI increased their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Citigroup raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and increased their price target for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $210.05.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Company Profile

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.