Trexquant Investment LP Purchases 3,549 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Trexquant Investment LP boosted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 59.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,494 shares of the semiconductor company's stock after buying an additional 3,549 shares during the quarter. Trexquant Investment LP's holdings in Texas Instruments were worth $1,780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. May Hill Capital LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth $667,000. Boston Family Office LLC grew its holdings in Texas Instruments by 4.3% during the 4th quarter. Boston Family Office LLC now owns 2,138 shares of the semiconductor company's stock worth $401,000 after acquiring an additional 88 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after purchasing an additional 267,352 shares in the last quarter. Tradewinds LLC. bought a new position in shares of Texas Instruments during the fourth quarter worth about $214,000. Finally, HighPoint Advisor Group LLC grew its stake in Texas Instruments by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 28,554 shares of the semiconductor company's stock worth $5,120,000 after purchasing an additional 294 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TXN shares. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Citigroup reduced 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 report on Friday. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Two equities 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 given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $207.95.

Texas Instruments Price Performance

NASDAQ TXN traded up $4.00 on Monday, reaching $151.60. 1,843,337 shares of the stock traded hands, compared to its average volume of 6,062,990. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a market cap of $137.94 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 3.30 and a beta of 0.99. The firm's fifty day simple moving average is $180.26 and its 200 day simple moving average is $191.24. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the company earned $1.49 EPS. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.59%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio is presently 104.82%.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale 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 business's stock in a transaction on 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 sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by insiders.

Texas Instruments 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.