Contour Asset Management LLC Purchases Shares of 817,056 Texas Instruments Incorporated (NASDAQ:TXN)

Contour Asset Management LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 817,056 shares of the semiconductor company's stock, valued at approximately $153,206,000. Texas Instruments makes up about 4.4% of Contour Asset Management LLC's investment portfolio, making the stock its 10th biggest position. Contour Asset Management LLC owned 0.09% of Texas Instruments at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HF Advisory Group LLC lifted its holdings in shares of Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock worth $1,602,000 after acquiring an additional 52 shares during the last quarter. Blossom Wealth Management raised its position in Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock valued at $213,000 after purchasing an additional 55 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its stake in Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 56 shares during the last quarter. OLD Second National Bank of Aurora boosted its holdings in shares of Texas Instruments by 11.1% in the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after purchasing an additional 57 shares in the last quarter. Finally, Voya Financial Advisors Inc. increased its position in shares of Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after purchasing an additional 58 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Down 0.8 %

Shares of NASDAQ:TXN opened at $161.09 on Wednesday. The firm has a market capitalization of $146.35 billion, a P/E ratio of 31.04, a P/E/G ratio of 3.30 and a beta of 0.97. 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 stock has a 50 day moving average price of $168.95 and a 200-day moving average price of $185.72. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week 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, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS 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. Stockholders of record on Wednesday, April 30th will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 3.38%. Texas Instruments's payout ratio is 103.23%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group cut their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a research note on Friday, April 25th. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald decreased their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $189.41.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction that occurred 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 directly owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,065 shares of company stock worth $59,734,685 in the last 90 days. Insiders own 0.57% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.