Team Hewins LLC Acquires New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Team Hewins LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,511 shares of the semiconductor company's stock, valued at approximately $1,962,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments in the fourth quarter valued at about $26,000. Briaud Financial Planning Inc purchased a new position in shares of Texas Instruments during the 3rd quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Texas Instruments during the 4th quarter worth approximately $31,000. Finally, AMH Equity Ltd purchased a new position in shares of Texas Instruments during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the business's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares of the company's stock, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Richard K. Templeton sold 100,440 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company's stock, valued at approximately $72,075,287.97. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares of the company's stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 in the last ninety days. Company insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 24th. Cantor Fitzgerald lifted their target price on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 15th. Evercore ISI lifted their target price on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. KeyCorp lifted their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $182.48.

Texas Instruments Stock Down 2.6 %

Shares of TXN traded down $5.25 during midday trading on Thursday, hitting $197.29. The company had a trading volume of 7,124,537 shares, compared to its average volume of 5,659,055. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $203.62. The company's 50 day moving average price is $176.10 and its 200 day moving average price is $167.16. The stock has a market cap of $179.63 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 4.28 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The company's revenue for the quarter was down 16.4% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.17 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Tuesday, May 7th. Texas Instruments's payout ratio is 81.12%.

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.

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