Y Intercept Hong Kong Ltd Invests $1.05 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Y Intercept Hong Kong Ltd bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,587 shares of the semiconductor company’s stock, valued at approximately $1,048,000.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after purchasing an additional 4,337,295 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Texas Instruments by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock worth $1,408,925,000 after purchasing an additional 1,345,629 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after buying an additional 782,053 shares during the last quarter. Geode Capital Management LLC increased its holdings in Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after buying an additional 487,892 shares during the period. Finally, State Street Corp raised its position in Texas Instruments by 0.9% during the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after buying an additional 391,306 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 0.9 %

TXN stock opened at $198.24 on Thursday. The stock has a market capitalization of $180.46 billion, a P/E ratio of 38.20, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The firm has a 50-day simple moving average of $189.17 and a 200-day simple moving average of $197.70. 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 quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the company posted $1.49 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.74%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analyst Ratings Changes

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

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $202.68, for a total transaction of $19,659,960.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,914,158.52. The trade was a 19.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 200,655 shares of company stock valued at $40,665,374 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

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.