Susquehanna Fundamental Investments LLC Acquires New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Susquehanna Fundamental Investments LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 45,687 shares of the semiconductor company’s stock, valued at approximately $7,959,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Modera Wealth Management LLC boosted its position in shares of Texas Instruments by 1.3% during the third quarter. Modera Wealth Management LLC now owns 8,677 shares of the semiconductor company’s stock worth $1,380,000 after buying an additional 108 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Texas Instruments by 1.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,198 shares of the semiconductor company’s stock valued at $4,643,000 after buying an additional 341 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Texas Instruments by 62.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 345 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 133 shares during the last quarter. Anchor Investment Management LLC bought a new position in Texas Instruments during the fourth quarter valued at about $2,788,000. Finally, DNB Asset Management AS lifted its holdings in Texas Instruments by 17.0% in the 4th quarter. DNB Asset Management AS now owns 307,684 shares of the semiconductor company’s stock worth $52,448,000 after purchasing an additional 44,721 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TXN shares. Wells Fargo & Company began coverage on Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 target price for the company. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Benchmark increased their price target on shares of Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Robert W. Baird lifted their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Citigroup boosted their target price on Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $183.90.

Texas Instruments Trading Up 0.9 %

TXN traded up $1.88 on Friday, hitting $201.87. The company had a trading volume of 3,683,813 shares, compared to its average volume of 4,092,030. The company’s fifty day moving average price is $195.36 and its 200 day moving average price is $177.58. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $206.00. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The firm has a market cap of $183.80 billion, a P/E ratio of 31.49, a PEG ratio of 4.37 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 EPS. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.