Renaissance Technologies LLC Makes New $12.02 Million Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Renaissance Technologies LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 64,100 shares of the semiconductor company's stock, valued at approximately $12,019,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HF Advisory Group LLC grew its holdings in Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock worth $1,602,000 after acquiring an additional 52 shares in the last quarter. Blossom Wealth Management increased its holdings in Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock valued at $213,000 after buying an additional 55 shares during the period. OLD Second National Bank of Aurora lifted its holdings in Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after buying an additional 57 shares during the period. Avitas Wealth Management LLC boosted its position in Texas Instruments by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock valued at $2,032,000 after acquiring an additional 59 shares in the last quarter. Finally, Augustine Asset Management Inc. increased its holdings in shares of Texas Instruments by 5.2% in the 4th quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company's stock valued at $226,000 after acquiring an additional 60 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TXN shares. Mizuho dropped their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Benchmark restated a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus target price of $206.86.

Texas Instruments Stock Performance

TXN stock traded up $1.79 during midday trading on Friday, hitting $148.34. 5,690,642 shares of the stock traded hands, compared to its average volume of 6,140,707. The stock's fifty day simple moving average is $177.08 and its 200-day simple moving average is $189.48. The firm has a market cap of $134.97 billion, a P/E ratio of 28.58, a PEG ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 period last year, the firm posted $1.49 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments's payout ratio is 104.82%.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Monday, February 24th. The shares were 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 approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 over the last 90 days. 0.57% of the stock is currently 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.