AQR Capital Management LLC Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

AQR Capital Management LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 29.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,077 shares of the semiconductor company's stock after selling 48,415 shares during the period. AQR Capital Management LLC's holdings in Texas Instruments were worth $21,766,000 as of its most recent SEC filing.

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

Texas Instruments Trading Up 3.9 %

NASDAQ:TXN opened at $164.51 on Friday. The firm has a market capitalization of $149.45 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. 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 Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The business's 50-day moving average is $170.27 and its two-hundred day moving average is $186.23.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly 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 net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm's quarterly revenue was up 11.1% on a year-over-year basis. Research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Analyst Ratings Changes

A number of research firms recently issued reports on TXN. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Mizuho set a $170.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Wells Fargo & Company lowered their price target on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $189.41.

Insider Transactions at Texas Instruments

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 completion of the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by corporate 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.

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