Bayesian Capital Management LP Sells 21,700 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Bayesian Capital Management LP lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 54.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,100 shares of the semiconductor company's stock after selling 21,700 shares during the period. Bayesian Capital Management LP's holdings in Texas Instruments were worth $3,394,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $2,584,490,000. Assenagon Asset Management S.A. lifted its position in shares of Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock valued at $899,044,000 after acquiring an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Invesco Ltd. increased its position in shares of Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Texas Instruments in the fourth quarter valued at about $295,665,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Down 0.8 %

Shares of Texas Instruments stock traded down $1.33 on Tuesday, hitting $161.09. 4,523,770 shares of the company's stock traded hands, compared to its average volume of 6,207,847. The company has a market capitalization of $146.35 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a fifty day moving average of $168.95 and a two-hundred day moving average of $185.72. 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 one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 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 company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $1.10 EPS. The company's quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect 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 paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Cantor Fitzgerald decreased 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, April 24th. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research note on Friday, April 25th. KeyCorp reduced their price objective on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. TD Securities reissued a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Four 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus target price of $189.41.

Insider Activity

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction 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 sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,065 shares of company stock worth $59,734,685 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.