Boussard & Gavaudan Investment Management LLP Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Boussard & Gavaudan Investment Management LLP acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,514 shares of the semiconductor company’s stock, valued at approximately $10,836,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $28,000. Tsfg LLC lifted its stake in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $39,000. McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $43,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TXN shares. Wells Fargo & Company started coverage on Texas Instruments in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $210.05.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $199.19 on Thursday. The stock’s 50-day moving average is $204.50 and its two-hundred day moving average is $200.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38. The company has a market cap of $181.71 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.80 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments 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.