Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Silphium Asset Management Ltd

Silphium Asset Management Ltd increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 31.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,591 shares of the semiconductor company’s stock after purchasing an additional 4,409 shares during the quarter. Texas Instruments accounts for approximately 1.1% of Silphium Asset Management Ltd’s portfolio, making the stock its 28th biggest position. Silphium Asset Management Ltd’s holdings in Texas Instruments were worth $3,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXN. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments in the 3rd quarter valued at about $28,000. Financial Life Planners acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments during the fourth quarter worth $28,000. Finally, Capital Performance Advisors LLP purchased a new stake in Texas Instruments during the third quarter worth $39,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last three months. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TXN. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Mizuho cut their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

TXN stock opened at $196.02 on Monday. The company’s fifty day simple moving average is $189.49 and its 200 day simple moving average is $197.70. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The firm has a market cap of $178.44 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 3.30 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping 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 firm posted $1.49 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

About Texas Instruments

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.