Woodline Partners LP Invests $8.92 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Woodline Partners LP purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 47,574 shares of the semiconductor company's stock, valued at approximately $8,921,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Promus Capital LLC bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new position in Texas Instruments in the fourth quarter worth $26,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $28,000. Finally, Atala Financial Inc purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $37,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. TD Securities reiterated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. UBS Group reduced their price target on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company decreased their price objective on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Cantor Fitzgerald dropped their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $189.41.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $6.32 on Tuesday, hitting $182.62. The company had a trading volume of 3,320,641 shares, compared to its average volume of 7,621,016. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market cap of $165.91 billion, a PE ratio of 35.17, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.38. The business has a 50 day moving average of $167.86 and a 200 day moving average of $183.11.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. As a group, equities 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 disclosed 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. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.98%. Texas Instruments's payout ratio is currently 103.23%.

Insider Buying and Selling

In other Texas Instruments news, 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 value of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at $80,872,804.41. This represents a 19.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.57% of the company's stock.

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.