Davidson Kempner Capital Management LP Purchases New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Davidson Kempner Capital Management LP purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 75,000 shares of the semiconductor company's stock, valued at approximately $14,580,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company's stock valued at $15,778,648,000 after buying an additional 536,206 shares during the period. Capital Research Global Investors lifted its stake in Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company's stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Texas Instruments by 6.2% in the 2nd quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company's stock valued at $1,158,495,000 after purchasing an additional 348,528 shares during the period. FIL Ltd grew its position in shares of Texas Instruments by 6.6% during the 4th quarter. FIL Ltd now owns 4,861,924 shares of the semiconductor company's stock valued at $828,764,000 after purchasing an additional 301,735 shares in the last quarter. Finally, Fayez Sarofim & Co increased its holdings in shares of Texas Instruments by 2.5% in the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company's stock worth $744,218,000 after purchasing an additional 104,806 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 0.3 %

TXN traded up $0.55 during trading on Monday, hitting $203.85. 2,756,967 shares of the stock traded hands, compared to its average volume of 5,551,702. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The firm has a 50-day moving average of $200.82 and a 200 day moving average of $190.31. The firm has a market capitalization of $185.60 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the firm earned $1.87 EPS. The company's quarterly revenue was down 15.6% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.67%. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio is currently 81.12%.

Analyst Ratings Changes

Several equities analysts recently commented on TXN shares. Rosenblatt Securities boosted their target price on Texas Instruments from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. Truist Financial decreased their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a "hold" rating on the stock in a research report on Wednesday, August 21st. Benchmark reiterated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Susquehanna increased their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a "positive" rating in a report on Wednesday, July 17th. Finally, KeyCorp lifted their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $204.67.

Insider Activity

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company's stock, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last quarter. 0.68% of the stock is owned by company 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.