Davis Investment Partners LLC Makes New $211,000 Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Davis Investment Partners LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,107 shares of the semiconductor company’s stock, valued at approximately $211,000.

A number of other hedge funds have also made changes to their positions in TXN. Skandinaviska Enskilda Banken AB publ boosted its stake in Texas Instruments by 4.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after acquiring an additional 9,608 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Texas Instruments by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock valued at $33,909,000 after purchasing an additional 65,512 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock valued at $244,386,000 after acquiring an additional 1,029,741 shares in the last quarter. Townsquare Capital LLC grew its position in Texas Instruments by 5.9% in the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after buying an additional 5,201 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Texas Instruments by 0.3% during the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock valued at $558,255,000 after acquiring an additional 8,100 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Susquehanna lowered their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Finally, Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $209.71.

Texas Instruments Stock Performance

TXN traded up $0.94 on Monday, hitting $191.09. The company had a trading volume of 4,755,186 shares, compared to its average volume of 4,998,998. The stock has a market cap of $174.32 billion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company’s fifty day moving average price is $196.73 and its 200 day moving average price is $199.78. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data 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. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. Equities analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

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.