Fluent Financial LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,396 shares of the semiconductor company’s stock, valued at approximately $4,541,000. Texas Instruments makes up 2.8% of Fluent Financial LLC’s holdings, making the stock its 10th biggest holding.
Several other hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC raised its holdings in Texas Instruments by 209.6% in the 3rd quarter. Penserra Capital Management LLC now owns 2,526 shares of the semiconductor company’s stock valued at $325,000 after acquiring an additional 1,710 shares during the last quarter. Cypress Capital LLC boosted its position in shares of Texas Instruments by 5.5% during the 3rd quarter. Cypress Capital LLC now owns 6,947 shares of the semiconductor company’s stock worth $898,000 after purchasing an additional 360 shares during the period. Alberta Investment Management Corp boosted its position in shares of Texas Instruments by 17.8% during the 2nd quarter. Alberta Investment Management Corp now owns 66,200 shares of the semiconductor company’s stock worth $7,597,000 after purchasing an additional 10,000 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Texas Instruments by 5.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,728 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 153 shares during the period. Finally, First Merchants Corp boosted its position in shares of Texas Instruments by 67.5% during the 3rd quarter. First Merchants Corp now owns 9,712 shares of the semiconductor company’s stock worth $1,255,000 after purchasing an additional 3,915 shares during the period. 85.04% of the stock is owned by institutional investors and hedge funds.
TXN has been the topic of a number of analyst reports. BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Saturday, December 7th. Goldman Sachs Group restated a “neutral” rating and issued a $111.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Bank of America decreased their price target on Texas Instruments from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. SunTrust Banks lowered their price objective on Texas Instruments from $133.00 to $122.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, Oppenheimer dropped their price objective on Texas Instruments from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $121.38.
Shares of TXN stock traded up $1.12 during trading hours on Friday, reaching $131.28. 1,443,872 shares of the company’s stock were exchanged, compared to its average volume of 4,362,169. The company has a market cap of $122.15 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21. The company’s 50 day moving average is $126.41 and its two-hundred day moving average is $123.73. Texas Instruments Incorporated has a 1 year low of $94.81 and a 1 year high of $132.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.34 and a quick ratio of 3.32.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. Texas Instruments had a return on equity of 58.00% and a net margin of 35.10%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the business posted $1.56 EPS. Texas Instruments’s quarterly revenue was down 11.5% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 4.94 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.74%. Texas Instruments’s dividend payout ratio is presently 66.42%.
In other news, VP Hagop H. Kozanian sold 5,383 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $119.51, for a total value of $643,322.33. Following the completion of the transaction, the vice president now owns 41,839 shares of the company’s stock, valued at $5,000,178.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Ahmad Bahai sold 1,550 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.99, for a total transaction of $182,884.50. Following the transaction, the vice president now directly owns 25,354 shares in the company, valued at approximately $2,991,518.46. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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