47,574 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Bought by Woodline Partners LP

Woodline Partners LP bought a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 47,574 shares of the semiconductor company's stock, valued at approximately $8,921,000.

Several other hedge funds also recently made changes to their positions in the company. Promus Capital LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $25,000. Financial Life Planners purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $26,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $28,000. Finally, Atala Financial Inc purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Up 0.8%

Shares of TXN traded up $1.42 during mid-day trading on Wednesday, hitting $184.66. The company had a trading volume of 1,582,525 shares, compared to its average volume of 6,305,864. The stock has a market cap of $167.76 billion, a PE ratio of 35.59, a P/E/G ratio of 3.30 and a beta of 0.97. The business's 50-day simple moving average is $167.91 and its 200-day simple moving average is $183.11. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. 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 posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TXN shares. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. UBS Group dropped their target price on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company 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. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.