R Squared Ltd Buys Shares of 720 Texas Instruments Incorporated (NASDAQ:TXN)

R Squared Ltd purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 720 shares of the semiconductor company’s stock, valued at approximately $135,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ascent Group LLC grew its stake in Texas Instruments by 3.5% in the second quarter. Ascent Group LLC now owns 2,442 shares of the semiconductor company’s stock worth $475,000 after purchasing an additional 83 shares in the last quarter. SPC Financial Inc. grew its position in shares of Texas Instruments by 2.4% in the 2nd quarter. SPC Financial Inc. now owns 3,611 shares of the semiconductor company’s stock worth $702,000 after acquiring an additional 84 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Texas Instruments by 0.8% in the 2nd quarter. Cetera Investment Advisers now owns 201,746 shares of the semiconductor company’s stock valued at $39,246,000 after acquiring an additional 1,561 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Texas Instruments by 15.5% during the 2nd quarter. Clearbridge Investments LLC now owns 994,222 shares of the semiconductor company’s stock valued at $193,406,000 after acquiring an additional 133,606 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in Texas Instruments during the second quarter worth $122,000. Institutional investors 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 on 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Evercore ISI upped their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Finally, Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $180.27 on Thursday. The stock has a market cap of $164.45 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 3.84 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. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The stock’s 50 day moving average price is $192.56 and its 200 day moving average price is $199.19.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same period last year, the business earned $1.49 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.02%. Texas Instruments’s payout ratio is currently 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.