Texas Instruments Incorporated (NASDAQ:TXN) Stake Boosted by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 121.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,000 shares of the semiconductor company’s stock after acquiring an additional 88,700 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Texas Instruments were worth $30,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. HF Advisory Group LLC raised its holdings in Texas Instruments by 0.6% during the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after buying an additional 52 shares in the last quarter. Blossom Wealth Management increased its holdings in shares of Texas Instruments by 5.1% during the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 55 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its stake in shares of Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock valued at $598,000 after acquiring an additional 56 shares in the last quarter. OLD Second National Bank of Aurora lifted its holdings in Texas Instruments by 11.1% in the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock worth $107,000 after purchasing an additional 57 shares during the last quarter. Finally, Voya Financial Advisors Inc. boosted its position in Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock worth $686,000 after purchasing an additional 58 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

TXN opened at $187.34 on Thursday. The stock has a market cap of $170.19 billion, a PE ratio of 36.10, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The stock’s 50 day simple moving average is $167.04 and its 200-day simple moving average is $184.86. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.90%. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,065 shares of company stock worth $59,734,685 in the last 90 days. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on TXN. Benchmark dropped their price target on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Citigroup lowered their target price on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Cantor Fitzgerald cut their target price on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $216.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Seaport Res Ptn raised Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $189.41.

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.