Tang Capital Management LLC Purchases 2,366 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Tang Capital Management LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 56.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,568 shares of the semiconductor company's stock after buying an additional 2,366 shares during the quarter. Tang Capital Management LLC's holdings in Texas Instruments were worth $1,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Steadfast Capital Management LP increased its holdings in shares of Texas Instruments by 53.5% during the fourth quarter. Steadfast Capital Management LP now owns 512,300 shares of the semiconductor company's stock worth $96,061,000 after buying an additional 178,500 shares in the last quarter. Scientech Research LLC increased its holdings in shares of Texas Instruments by 111.8% during the fourth quarter. Scientech Research LLC now owns 5,743 shares of the semiconductor company's stock worth $1,077,000 after buying an additional 3,032 shares in the last quarter. Scissortail Wealth Management LLC grew its stake in shares of Texas Instruments by 13,300.0% during the fourth quarter. Scissortail Wealth Management LLC now owns 1,206 shares of the semiconductor company's stock valued at $226,000 after purchasing an additional 1,197 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $657,000. Finally, Silvercrest Asset Management Group LLC grew its stake in shares of Texas Instruments by 1.7% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 271,517 shares of the semiconductor company's stock valued at $50,912,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 0.2%

TXN traded up $0.37 during trading on Tuesday, hitting $188.71. The company had a trading volume of 5,287,835 shares, compared to its average volume of 6,301,332. The company has a market capitalization of $171.44 billion, a PE ratio of 36.36, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The firm's 50-day moving average price is $167.85 and its 200 day moving average price is $184.20. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 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 firm 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 firm posted $1.10 EPS. The company's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share 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. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TXN shares. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Rosenblatt Securities reissued a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Citigroup lowered their target price on Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Stifel Nicolaus lowered their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given 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.com, the company currently has an average rating of "Hold" and a consensus price target of $189.41.

Insider Activity at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $80,872,804.41. The trade was a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is owned by insiders.

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.