Nearwater Capital Markets Ltd Takes $26.25 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Nearwater Capital Markets Ltd purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 140,000 shares of the semiconductor company's stock, valued at approximately $26,251,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Aprio Wealth Management LLC boosted its position in Texas Instruments by 5.6% during the 4th quarter. Aprio Wealth Management LLC now owns 1,919 shares of the semiconductor company's stock valued at $360,000 after acquiring an additional 102 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Texas Instruments by 0.9% during the fourth quarter. Capital Investment Advisors LLC now owns 12,313 shares of the semiconductor company's stock valued at $2,309,000 after purchasing an additional 112 shares in the last quarter. Moody National Bank Trust Division grew its stake in Texas Instruments by 1.5% in the fourth quarter. Moody National Bank Trust Division now owns 8,125 shares of the semiconductor company's stock valued at $1,524,000 after purchasing an additional 117 shares during the last quarter. Cooper Financial Group raised its holdings in Texas Instruments by 15.0% in the fourth quarter. Cooper Financial Group now owns 1,496 shares of the semiconductor company's stock worth $281,000 after purchasing an additional 195 shares in the last quarter. Finally, Eastern Bank lifted its position in shares of Texas Instruments by 6.2% during the fourth quarter. Eastern Bank now owns 3,714 shares of the semiconductor company's stock valued at $696,000 after buying an additional 218 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on TXN. Stifel Nicolaus cut their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Argus upgraded Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Mizuho set a $170.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research note on Friday, April 25th. Four equities research 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's stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus price target of $189.41.

Insider Transactions at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $202.68, for a total transaction of $19,659,960.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $82,914,158.52. This trade represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,065 shares of company stock valued at $59,734,685. Corporate insiders own 0.57% of the company's stock.

Texas Instruments Stock Down 0.8%

TXN traded down $1.45 on Monday, hitting $187.05. 1,941,910 shares of the company were exchanged, compared to its average volume of 6,284,566. 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 $169.93 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The firm has a 50-day moving average price of $167.29 and a two-hundred day moving average price of $184.29. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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 company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the business posted $1.10 EPS. The firm's revenue was up 11.1% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.91%. Texas Instruments's payout ratio is currently 103.23%.

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.