Camrose Capital Investment Partners LLP acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,579 shares of the semiconductor company's stock, valued at approximately $8,171,000. Texas Instruments accounts for 9.0% of Camrose Capital Investment Partners LLP's investment portfolio, making the stock its 9th largest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Insight Wealth Strategies LLC lifted its stake in Texas Instruments by 7.5% in the fourth quarter. Insight Wealth Strategies LLC now owns 12,116 shares of the semiconductor company's stock valued at $2,272,000 after buying an additional 850 shares during the period. Advance Capital Management Inc. boosted its stake in Texas Instruments by 41.8% during the fourth quarter. Advance Capital Management Inc. now owns 1,394 shares of the semiconductor company's stock worth $261,000 after acquiring an additional 411 shares in the last quarter. Bangor Savings Bank increased its stake in Texas Instruments by 13.7% in the fourth quarter. Bangor Savings Bank now owns 812 shares of the semiconductor company's stock valued at $152,000 after purchasing an additional 98 shares in the last quarter. Worth Asset Management LLC boosted its position in shares of Texas Instruments by 14.5% during the 4th quarter. Worth Asset Management LLC now owns 4,936 shares of the semiconductor company's stock worth $926,000 after purchasing an additional 626 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its position in Texas Instruments by 6.5% in the 4th quarter. Douglas Lane & Associates LLC now owns 1,947 shares of the semiconductor company's stock valued at $365,000 after buying an additional 118 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Texas Instruments
In other news, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company's stock, valued at $80,872,804.41. The trade was a 19.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,065 shares of company stock valued at $59,734,685. Corporate insiders own 0.57% of the company's stock.
Analyst Ratings Changes
Several research firms have recently commented on TXN. Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price 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. Citigroup dropped their price objective on Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 target price (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $189.41.
Read Our Latest Research Report on Texas Instruments
Texas Instruments Stock Performance
Texas Instruments stock opened at $162.42 on Tuesday. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company's 50-day moving average is $169.55 and its 200 day moving average is $185.90. The firm has a market capitalization of $147.55 billion, a P/E ratio of 31.29, 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 (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company's revenue was up 11.1% on a year-over-year basis. Research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors 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 yield of 3.35%. The ex-dividend date is Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.
Texas Instruments Company Profile
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Free Report)
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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