Redwood Park Advisors LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,681 shares of the semiconductor company's stock, valued at approximately $315,000.
Several other hedge funds also recently bought and sold shares of TXN. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments in the third quarter worth approximately $202,000. Continuum Advisory LLC raised its position in shares of Texas Instruments by 4.2% during the 3rd quarter. Continuum Advisory LLC now owns 2,331 shares of the semiconductor company's stock valued at $480,000 after buying an additional 94 shares in the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at $211,000. Empire Financial Management Company LLC lifted its holdings in shares of Texas Instruments by 2.4% during the 3rd quarter. Empire Financial Management Company LLC now owns 12,296 shares of the semiconductor company's stock worth $2,540,000 after acquiring an additional 292 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in Texas Instruments by 27.2% in the third quarter. Toronto Dominion Bank now owns 566,362 shares of the semiconductor company's stock worth $116,993,000 after acquiring an additional 121,087 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.
Insider Transactions at Texas Instruments
In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business'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 completion of 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. UBS Group cut their price objective on Texas Instruments from $250.00 to $225.00 and set a "buy" rating for the company in a report on Monday. Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Citigroup decreased their price target on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday. Barclays reduced 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 report on Friday, January 24th. Finally, Wells Fargo & Company lowered their price target on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and a consensus price target of $208.76.
Read Our Latest Stock Analysis on TXN
Texas Instruments Stock Down 0.2 %
Shares of TXN stock traded down $0.28 during mid-day trading on Tuesday, reaching $150.70. 2,288,217 shares of the company's stock traded hands, compared to its average volume of 6,080,674. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company's 50-day moving average price is $179.65 and its 200-day moving average price is $190.83. The company has a market cap of $137.12 billion, a P/E ratio of 29.04, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39.
Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the firm earned $1.49 EPS. On average, equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is 104.82%.
About Texas Instruments
(
Free Report)
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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