May Hill Capital LLC Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

May Hill Capital LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,556 shares of the semiconductor company's stock, valued at approximately $667,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at approximately $25,000. Financial Life Planners acquired a new position in Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at $27,000. Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the 4th quarter valued at approximately $28,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the firm's 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 completion of the transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on TXN shares. Mizuho reduced their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial reduced their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Barclays cut their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Two equities 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 stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and a consensus price target of $209.20.

Texas Instruments Stock Down 7.9 %

NASDAQ:TXN traded down $13.99 on Thursday, hitting $164.20. The stock had a trading volume of 11,883,502 shares, compared to its average volume of 5,765,485. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.39. The firm's fifty day simple moving average is $185.47 and its two-hundred day simple moving average is $194.24. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a market cap of $149.41 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the business earned $1.49 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

Texas Instruments 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.