Susquehanna Fundamental Investments LLC Acquires New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Susquehanna Fundamental Investments LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 186,465 shares of the semiconductor company's stock, valued at approximately $34,964,000. Texas Instruments comprises about 0.5% of Susquehanna Fundamental Investments LLC's holdings, making the stock its 24th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Alliance LLC increased its position in Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock valued at $6,901,000 after acquiring an additional 7,424 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of Texas Instruments by 73.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock valued at $1,639,000 after purchasing an additional 3,707 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock worth $18,724,000 after purchasing an additional 4,238 shares during the period. Hamlin Capital Management LLC boosted its holdings in shares of Texas Instruments by 9.2% in the fourth quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock worth $163,438,000 after buying an additional 73,715 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Texas Instruments by 0.8% during the third quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company's stock valued at $1,466,003,000 after buying an additional 55,690 shares during the period. Institutional investors own 84.99% of the company's stock.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. Corporate insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TXN. Stifel Nicolaus decreased their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company lowered their target price on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Thursday. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research note on Monday, April 7th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $148.00 target price (up from $146.00) on shares of Texas Instruments in a report on Thursday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus target price of $189.41.

Texas Instruments Stock Up 0.5 %

Shares of TXN opened at $162.86 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market capitalization of $148.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth 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 business's 50 day simple moving average is $174.21 and its 200-day simple moving average is $187.82.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, April 30th. Texas Instruments's payout ratio is 104.82%.

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.

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