Sunbeam Capital Management LLC Purchases New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Sunbeam Capital Management LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,698 shares of the semiconductor company's stock, valued at approximately $318,000.

Other hedge funds have also recently modified their holdings of the company. Promus Capital LLC acquired a new position in Texas Instruments during the 4th quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in Texas Instruments during the fourth quarter valued at $26,000. Summit Securities Group LLC acquired a new stake in Texas Instruments during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the fourth quarter valued at $28,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

NASDAQ TXN traded up $0.91 during trading hours on Wednesday, reaching $184.15. The company's stock had a trading volume of 5,740,319 shares, compared to its average volume of 6,312,685. The stock has a market cap of $167.30 billion, a PE ratio of 35.48, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company's 50-day moving average is $167.91 and its two-hundred day moving average is $183.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (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 for the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the company earned $1.10 EPS. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.95%. Texas Instruments's dividend payout ratio is presently 103.23%.

Analyst Upgrades and Downgrades

TXN has been the topic of several research reports. Argus raised shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. KeyCorp reduced their price target on shares of 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 restated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus price target 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.