Texas Instruments Incorporated (NASDAQ:TXN) is Alpha DNA Investment Management LLC's 10th Largest Position

Alpha DNA Investment Management LLC raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 101.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,951 shares of the semiconductor company's stock after purchasing an additional 6,005 shares during the period. Texas Instruments accounts for approximately 0.9% of Alpha DNA Investment Management LLC's holdings, making the stock its 10th biggest position. Alpha DNA Investment Management LLC's holdings in Texas Instruments were worth $2,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TXN. Gryphon Financial Partners LLC lifted its position in Texas Instruments by 48.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company's stock valued at $982,000 after purchasing an additional 1,870 shares during the last quarter. Congress Wealth Management LLC DE increased its position in Texas Instruments by 177.1% during the fourth quarter. Congress Wealth Management LLC DE now owns 8,542 shares of the semiconductor company's stock valued at $1,456,000 after acquiring an additional 5,459 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $89,913,000. JARISLOWSKY FRASER Ltd lifted its holdings in shares of Texas Instruments by 260.7% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 8,025 shares of the semiconductor company's stock worth $1,367,000 after acquiring an additional 5,800 shares during the last quarter. Finally, 3Chopt Investment Partners LLC purchased a new stake in Texas Instruments in the 4th quarter worth about $735,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of TXN stock traded up $0.12 during mid-day trading on Wednesday, reaching $205.06. The stock had a trading volume of 4,123,617 shares, compared to its average volume of 5,544,090. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The firm has a market cap of $187.23 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 4.43 and a beta of 0.99. The business's fifty day moving average is $200.79 and its 200-day moving average is $190.54.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same quarter last year, the company posted $1.87 earnings per share. The firm's revenue was down 15.6% compared to the same quarter last year. On average, research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.65%. The ex-dividend date is Thursday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio (DPR) is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now owns 28,894 shares of the company's stock, valued at approximately $6,035,956.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a "neutral" rating in a research note on Wednesday, July 24th. Stifel Nicolaus upped their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 18th. Benchmark reaffirmed a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $204.67.

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.