Cresset Asset Management LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 68.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,291 shares of the semiconductor company's stock after acquiring an additional 69,668 shares during the period. Cresset Asset Management LLC's holdings in Texas Instruments were worth $32,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. Crestline Management LP purchased a new position in Texas Instruments during the 4th quarter worth $20,370,000. Camrose Capital Investment Partners LLP acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $8,171,000. BOKF NA grew its holdings in shares of Texas Instruments by 3.5% during the fourth quarter. BOKF NA now owns 36,765 shares of the semiconductor company's stock worth $6,991,000 after buying an additional 1,238 shares during the last quarter. Blue Capital Inc. acquired a new position in Texas Instruments in the 4th quarter valued at about $217,000. Finally, Brevan Howard Capital Management LP purchased a new stake in Texas Instruments during the 4th quarter valued at approximately $2,251,000. Hedge funds and other institutional investors own 84.99% of the company's stock.
Texas Instruments Trading Down 1.3 %
Shares of TXN opened at $162.42 on Tuesday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The stock has a fifty day moving average of $169.55 and a two-hundred day moving average of $185.90. 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 company has a market capitalization of $147.55 billion, a PE ratio of 31.29, 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 earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 28.08% and a net margin of 30.68%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. As a group, analysts forecast 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 will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be given a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 3.35%. Texas Instruments's dividend payout ratio is presently 103.23%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Benchmark dropped their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Mizuho set a $170.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Rosenblatt Securities reiterated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a research report on Monday, April 7th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $189.41.
Get Our Latest Stock Report on Texas Instruments
Insider Activity at Texas Instruments
In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments 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 sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 297,065 shares of company stock worth $59,734,685. 0.57% of the stock is owned by company insiders.
Texas Instruments Company Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN - Free Report).
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