Wedge Capital Management L L P NC Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Wedge Capital Management L L P NC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,625 shares of the semiconductor company's stock after purchasing an additional 5,412 shares during the period. Wedge Capital Management L L P NC's holdings in Texas Instruments were worth $10,618,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp raised its position in shares of Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock worth $8,609,679,000 after purchasing an additional 391,306 shares during the last quarter. Geode Capital Management LLC grew its position in Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock worth $4,382,936,000 after purchasing an additional 487,892 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Texas Instruments by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company's stock valued at $3,976,562,000 after buying an additional 782,053 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Texas Instruments by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company's stock valued at $1,664,998,000 after buying an additional 36,441 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Texas Instruments by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company's stock worth $1,523,415,000 after buying an additional 64,067 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Insider Transactions at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Texas Instruments Stock Up 2.7 %

Shares of TXN traded up $5.05 during mid-day trading on Friday, reaching $192.42. The company's stock had a trading volume of 5,388,038 shares, compared to its average volume of 4,167,320. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The stock has a market cap of $175.53 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The company's 50 day moving average is $194.79 and its 200 day moving average is $199.65.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.80 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, January 31st. Texas Instruments's payout ratio is 101.12%.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Evercore ISI raised their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $209.71.

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.