Dark Forest Capital Management LP Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Dark Forest Capital Management LP lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 48.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,540 shares of the semiconductor company's stock after selling 2,435 shares during the quarter. Dark Forest Capital Management LP's holdings in Texas Instruments were worth $476,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth approximately $25,000. Financial Life Planners bought a new position in Texas Instruments in the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth $27,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth $28,000. Institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on TXN shares. Wells Fargo & Company cut their price target on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a report on Thursday. Citigroup cut their price objective on Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Stifel Nicolaus decreased their target price on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. KeyCorp dropped their price target on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Cantor Fitzgerald reduced their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $189.41.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares of the company's stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments 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 sale, the director now owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.57% of the company's stock.

Texas Instruments Trading Up 0.5 %

TXN opened at $162.86 on Friday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $174.21 and a 200 day moving average of $187.70. The firm has a market cap of $148.19 billion, a P/E ratio of 31.38, a P/E/G ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be paid a dividend of $1.36 per share. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.34%. Texas Instruments's dividend payout ratio is presently 104.82%.

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.

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