Sherbrooke Park Advisers LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Sherbrooke Park Advisers LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,503 shares of the semiconductor company's stock, valued at approximately $657,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $27,000. Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the fourth quarter worth about $28,000. Institutional investors own 84.99% of the company's stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. This trade represents a 19.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm's 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 sale, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93% 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 worth $59,734,685. Corporate insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

TXN has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a report on Friday, April 25th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, Wells Fargo & Company cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $189.41.

Texas Instruments Stock Performance

Texas Instruments stock traded up $0.37 during mid-day trading on Tuesday, hitting $188.71. The company had a trading volume of 5,287,835 shares, compared to its average volume of 6,301,349. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company's fifty day moving average is $167.54 and its 200-day moving average is $184.17. The company has a market capitalization of $171.44 billion, a price-to-earnings ratio of 36.36, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its 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 return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm posted $1.10 EPS. The business's revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.88%. Texas Instruments's payout ratio is currently 103.23%.

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.