Parkwood LLC Takes $8.68 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Parkwood LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 46,303 shares of the semiconductor company's stock, valued at approximately $8,682,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Promus Capital LLC bought a new stake in Texas Instruments in the fourth quarter valued at approximately $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments in the 4th quarter valued at $27,000. Summit Securities Group LLC acquired a new stake in Texas Instruments during the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments during the fourth quarter worth $28,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TXN. UBS Group dropped their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Truist Financial cut their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company decreased their target price on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus lowered their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, TD Securities restated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research note 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $189.41.

Texas Instruments Stock Performance

Texas Instruments stock opened at $188.20 on Wednesday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a market cap of $170.97 billion, a PE ratio of 36.26, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The business's 50-day moving average price is $167.11 and its two-hundred day moving average price is $184.84.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared 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 2.89%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Insider Activity

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. The trade was a 19.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. The trade was a 35.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,065 shares of company stock worth $59,734,685. 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.

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