Dark Forest Capital Management LP Sells 2,435 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Dark Forest Capital Management LP trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 48.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,540 shares of the semiconductor company's stock after selling 2,435 shares during the period. Dark Forest Capital Management LP's holdings in Texas Instruments were worth $476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Howard Capital Management Group LLC purchased a new position in Texas Instruments during the 3rd quarter worth $202,000. Invst LLC purchased a new position in Texas Instruments during the third quarter worth about $209,000. Anchor Investment Management LLC grew its position in Texas Instruments by 25.7% in the 3rd quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company's stock worth $2,403,000 after purchasing an additional 2,378 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in Texas Instruments by 1.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company's stock worth $3,842,000 after purchasing an additional 197 shares in the last quarter. Finally, World Investment Advisors LLC increased its stake in Texas Instruments by 156.4% in the 3rd quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company's stock valued at $1,444,000 after buying an additional 4,266 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ:TXN traded down $0.72 during trading hours on Wednesday, hitting $160.05. 5,953,048 shares of the company's stock traded hands, compared to its average volume of 6,198,327. The firm has a market cap of $145.63 billion, a P/E ratio of 30.84, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The business's fifty day simple moving average is $172.66 and its two-hundred day simple moving average is $187.11. 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 issued 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. The company 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%. Texas Instruments's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be given a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.40%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments 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 transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 over the last 90 days. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TXN has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company 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 objective for the company in a research note on Friday, April 25th. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group cut their price target on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Truist Financial decreased 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. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $189.41.

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.