Polar Asset Management Partners Inc. Has $30.38 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Polar Asset Management Partners Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 121.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,000 shares of the semiconductor company's stock after buying an additional 88,700 shares during the period. Polar Asset Management Partners Inc.'s holdings in Texas Instruments were worth $30,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Cypress Asset Management Inc. TX bought a new stake in Texas Instruments during the fourth quarter worth approximately $2,361,000. Sunbeam Capital Management LLC bought a new stake in Texas Instruments during the fourth quarter worth approximately $318,000. Ascent Group LLC raised its holdings in Texas Instruments by 8.1% during the fourth quarter. Ascent Group LLC now owns 10,518 shares of the semiconductor company's stock worth $1,972,000 after purchasing an additional 784 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Texas Instruments by 7.8% during the fourth quarter. Mackenzie Financial Corp now owns 727,842 shares of the semiconductor company's stock worth $136,478,000 after purchasing an additional 52,389 shares in the last quarter. Finally, Forum Financial Management LP raised its holdings in Texas Instruments by 30.2% during the fourth quarter. Forum Financial Management LP now owns 8,570 shares of the semiconductor company's stock worth $1,607,000 after purchasing an additional 1,986 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Up 0.5%

NASDAQ TXN traded up $0.84 on Thursday, hitting $184.99. 4,531,043 shares of the stock were exchanged, compared to its average volume of 6,305,592. The company's 50-day moving average price is $168.01 and its two-hundred day moving average price is $183.11. 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 52-week low of $139.95 and a 52-week high of $220.39. The company has a market capitalization of $168.06 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS 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 business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the previous year, the company posted $1.10 EPS. Texas Instruments's revenue was up 11.1% on a year-over-year basis. Research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TXN shares. Morgan Stanley reissued an "underweight" rating and set a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. UBS Group decreased their price target on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Mizuho set a $170.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research report on Friday, April 25th. Finally, Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Four 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 stock. According to MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average price target of $189.41.

About Texas Instruments

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.