838,683 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Acquired by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 838,683 shares of the semiconductor company's stock, valued at approximately $157,261,000. Alyeska Investment Group L.P. owned 0.09% of Texas Instruments at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Promus Capital LLC bought a new position in Texas Instruments during the 4th quarter valued at approximately $25,000. Financial Life Planners bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments in the fourth quarter worth $27,000. Summit Securities Group LLC bought a new stake in Texas Instruments in the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the 4th quarter valued at $28,000. Institutional investors own 84.99% of the company's stock.

Insider Activity

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the business'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 transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. Company insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Truist Financial lowered their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Rosenblatt Securities restated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. TD Securities reissued a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, KeyCorp decreased their price target on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $189.41.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $2.09 during midday trading on Monday, hitting $162.42. 4,802,415 shares of the stock traded hands, compared to its average volume of 6,206,232. The firm has a market capitalization of $147.55 billion, a P/E ratio of 31.29, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a 50-day moving average of $169.55 and a two-hundred day moving average of $185.90.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the firm posted $1.10 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

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.