Ardsley Advisory Partners LP purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 60,000 shares of the semiconductor company’s stock, valued at approximately $10,409,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TXN. Strategic Wealth Investment Group LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $25,000. High Point Wealth Management LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth $25,000. Advocate Investing Services LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth $25,000. Ares Financial Consulting LLC purchased a new position in Texas Instruments in the fourth quarter valued at $26,000. Finally, Quattro Advisors LLC acquired a new stake in Texas Instruments in the fourth quarter valued at $27,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
Shares of TXN opened at $301.88 on Thursday. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $331.51. The company has a market capitalization of $274.74 billion, a price-to-earnings ratio of 51.69, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32. The firm has a 50-day simple moving average of $278.27 and a 200-day simple moving average of $224.62. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46.
Texas Instruments Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 5th. Texas Instruments’s dividend payout ratio is currently 97.26%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, CEO Haviv Ilan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $280.32, for a total transaction of $5,606,400.00. Following the transaction, the chief executive officer owned 204,339 shares in the company, valued at approximately $57,280,308.48. The trade was a 8.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Rafael R. Lizardi sold 47,734 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $308.10, for a total value of $14,706,845.40. Following the completion of the sale, the chief financial officer directly owned 85,485 shares of the company’s stock, valued at $26,337,928.50. This represents a 35.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 303,475 shares of company stock valued at $85,666,638 over the last 90 days. Insiders own 0.60% of the company’s stock.
Wall Street Analyst Weigh In
TXN has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Texas Instruments from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Texas Instruments in a research note on Friday, May 29th. KeyCorp raised shares of Texas Instruments from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Finally, Robert W. Baird raised their price objective on Texas Instruments from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $269.61.
View Our Latest Stock Analysis on TXN
About Texas Instruments
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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