Susquehanna Fundamental Investments LLC Takes $34.96 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Susquehanna Fundamental Investments LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel reports. The firm purchased 186,465 shares of the semiconductor company’s stock, valued at approximately $34,964,000. Texas Instruments accounts for about 0.5% of Susquehanna Fundamental Investments LLC’s investment portfolio, making the stock its 24th largest position.

Several other institutional investors also recently added to or reduced their stakes in TXN. Norges Bank purchased a new position in shares of Texas Instruments during the fourth quarter valued at $2,584,490,000. Assenagon Asset Management S.A. grew its holdings 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 worth $899,044,000 after acquiring an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. Invesco Ltd. increased its position in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $295,665,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.5 %

Shares of TXN stock opened at $162.86 on Friday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The firm has a market capitalization of $148.19 billion, a PE ratio of 31.38, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock’s 50-day simple moving average is $174.21 and its 200-day simple moving average is $187.82.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be given a dividend of $1.36 per share. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 3.34%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective on the stock in a report on Friday. Wells Fargo & Company cut their price target on Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a report on Thursday. Cantor Fitzgerald decreased their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday. Morgan Stanley reiterated an “underweight” rating and issued a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday. Finally, Citigroup decreased their price target on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $189.41.

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.57% of the company’s stock.

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.