Talos Asset Management LP Purchases New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Talos Asset Management LP purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, Holdings Channel reports. The fund purchased 130,900 shares of the semiconductor company’s stock, valued at approximately $24,545,000. Texas Instruments accounts for about 5.8% of Talos Asset Management LP’s holdings, making the stock its 4th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its stake in shares of Texas Instruments by 11.8% in the fourth quarter. Teacher Retirement System of Texas now owns 214,870 shares of the semiconductor company’s stock worth $40,290,000 after acquiring an additional 22,699 shares during the last quarter. Generali Investments Management Co LLC bought a new position in shares of Texas Instruments in the fourth quarter worth about $1,332,000. Vinva Investment Management Ltd bought a new position in shares of Texas Instruments in the fourth quarter worth about $1,661,000. North Forty Two & Co. bought a new position in shares of Texas Instruments in the fourth quarter worth about $666,000. Finally, Brooklyn FI LLC bought a new position in shares of Texas Instruments in the fourth quarter worth about $959,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Up 1.3 %

Shares of NASDAQ TXN opened at $181.74 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The firm has a 50 day moving average price of $187.91 and a 200 day moving average price of $195.72. The stock has a market cap of $165.37 billion, a P/E ratio of 35.02, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the company earned $1.49 EPS. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company lowered their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Truist Financial lowered their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

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.