Talos Asset Management LP Makes New $24.55 Million Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Talos Asset Management LP purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 130,900 shares of the semiconductor company's stock, valued at approximately $24,545,000. Texas Instruments makes up about 5.8% of Talos Asset Management LP's portfolio, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Promus Capital LLC acquired a new position in Texas Instruments during the 4th quarter worth $25,000. Financial Life Planners bought a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments in the fourth quarter valued at about $28,000. Finally, Atala Financial Inc acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark reiterated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company lowered their target price 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. Barclays reduced their price target on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Truist Financial lowered their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $209.20.

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Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on 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 of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,655 shares of company stock worth $59,841,304. Company insiders own 0.57% of the company's stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded up $6.51 on Monday, hitting $185.51. The company had a trading volume of 5,694,749 shares, compared to its average volume of 5,359,948. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39. The company has a market cap of $168.80 billion, a PE ratio of 35.74, a PEG ratio of 3.30 and a beta of 0.98. The business has a 50-day simple moving average of $187.47 and a 200-day simple moving average of $195.27. 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 data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company posted $1.49 EPS. Research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. Texas Instruments's dividend payout ratio is currently 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.