Drystone LLC Invests $5.98 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Drystone LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, Holdings Channel reports. The institutional investor bought 31,875 shares of the semiconductor company’s stock, valued at approximately $5,977,000. Texas Instruments comprises 6.0% of Drystone LLC’s holdings, making the stock its 8th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp lifted its holdings in shares of Texas Instruments by 0.9% during the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after purchasing an additional 391,306 shares during the period. Geode Capital Management LLC raised its position in Texas Instruments by 2.3% during 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after acquiring an additional 782,053 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Texas Instruments by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock valued at $1,664,998,000 after acquiring an additional 36,441 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Texas Instruments by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company’s stock worth $1,605,861,000 after acquiring an additional 124,712 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Evercore ISI upped their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $209.20.

Insiders Place Their Bets

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Down 0.2 %

Shares of NASDAQ:TXN opened at $180.27 on Thursday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $164.45 billion, a P/E ratio of 33.51, a P/E/G ratio of 3.84 and a beta of 0.98. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The stock’s fifty day simple moving average is $192.56 and its 200-day simple moving average is $199.19.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same period last year, the business posted $1.49 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.02%. Texas Instruments’s payout ratio is currently 101.12%.

Texas Instruments Company 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.