Gotham Asset Management LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Gotham Asset Management LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 41.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,845 shares of the semiconductor company's stock after purchasing an additional 15,125 shares during the period. Gotham Asset Management LLC's holdings in Texas Instruments were worth $9,721,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC raised its holdings in Texas Instruments by 25.3% in the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock worth $6,901,000 after purchasing an additional 7,424 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of Texas Instruments by 73.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock worth $1,639,000 after buying an additional 3,707 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Texas Instruments by 4.4% during the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock worth $18,724,000 after acquiring an additional 4,238 shares in the last quarter. Hamlin Capital Management LLC lifted its position in Texas Instruments by 9.2% during the fourth quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock valued at $163,438,000 after acquiring an additional 73,715 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Texas Instruments by 36.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,710 shares of the semiconductor company's stock valued at $3,321,000 after acquiring an additional 4,761 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $202.68, for a total value of $19,659,960.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,914,158.52. This trade represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,065 shares of company stock valued at $59,734,685 in the last three months. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Trading Up 0.3%

Shares of NASDAQ:TXN traded up $0.49 during midday trading on Thursday, reaching $187.83. 5,531,084 shares of the company's stock were exchanged, compared to its average volume of 6,295,573. The stock has a market cap of $170.64 billion, a price-to-earnings ratio of 36.19, a P/E/G 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 firm's 50 day simple moving average is $167.04 and its two-hundred day simple moving average is $184.86. 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 (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, beating analysts' consensus estimates 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 the consensus estimate of $3.91 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business's revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.90%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citigroup decreased their price objective on Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered their price target on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Morgan Stanley restated an "underweight" rating and set a $148.00 price objective (up previously from $146.00) 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 research note on Monday, April 7th. Finally, Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus 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.