Transce3nd LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Transce3nd LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,979 shares of the semiconductor company's stock, valued at approximately $559,000.

Several other hedge funds have also recently made changes to their positions in the business. Howard Capital Management Group LLC bought a new stake in Texas Instruments in the third quarter valued at $202,000. Invst LLC acquired a new stake in shares of Texas Instruments in the 3rd quarter valued at about $209,000. Anchor Investment Management LLC increased its position in Texas Instruments by 25.7% in the 3rd quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company's stock valued at $2,403,000 after buying an additional 2,378 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in Texas Instruments by 1.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company's stock worth $3,842,000 after buying an additional 197 shares during the period. Finally, World Investment Advisors LLC boosted its holdings in Texas Instruments by 156.4% in the third quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company's stock worth $1,444,000 after acquiring an additional 4,266 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded up $1.38 on Friday, reaching $163.51. 4,313,012 shares of the company traded hands, compared to its average volume of 6,187,324. 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 firm has a market capitalization of $148.78 billion, a PE ratio of 31.47, a PEG ratio of 3.30 and a beta of 0.99. The company has a 50 day moving average of $174.68 and a 200 day moving average of $188.09. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39.

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

Texas Instruments Dividend Announcement

The firm 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 3.33%. The ex-dividend date is Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. 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. UBS Group lowered their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday. KeyCorp reduced their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday. Cantor Fitzgerald lowered their target price on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Truist Financial dropped their price target on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $189.41.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 11,717 shares of the company's stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17 % 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 valued at $59,841,304 over the last three months. 0.57% of the stock is currently owned by 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.