Quantinno Capital Management LP Acquires 17,739 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Quantinno Capital Management LP lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 145,097 shares of the semiconductor company's stock after purchasing an additional 17,739 shares during the period. Quantinno Capital Management LP's holdings in Texas Instruments were worth $27,207,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC lifted its position in Texas Instruments by 73.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock valued at $1,639,000 after purchasing 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 fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock valued at $18,724,000 after acquiring an additional 4,238 shares during the last quarter. Hamlin Capital Management LLC boosted its holdings in shares of Texas Instruments by 9.2% during the fourth quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock worth $163,438,000 after purchasing an additional 73,715 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 worth $3,321,000 after purchasing an additional 4,761 shares during the last quarter. Finally, James Hambro & Partners LLP grew its stake in shares of Texas Instruments by 2.8% in the fourth quarter. James Hambro & Partners LLP now owns 555,234 shares of the semiconductor company's stock worth $104,126,000 after purchasing an additional 15,165 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TXN has been the subject of several research analyst reports. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. UBS Group reduced 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. Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company 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 given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $189.41.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $188.20 on Wednesday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm's 50 day simple moving average is $167.11 and its 200-day simple moving average is $184.84. The firm has a market cap of $170.97 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

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, beating analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.89%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Insider Transactions at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The stock was 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 of the company's stock, valued at $2,202,353.92. The trade was a 35.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,065 shares of company stock valued at $59,734,685. Corporate insiders own 0.57% of the company's stock.

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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