Adage Capital Partners GP L.L.C. Sells 34,800 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Adage Capital Partners GP L.L.C. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,844 shares of the semiconductor company’s stock after selling 34,800 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.08% of Texas Instruments worth $138,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HF Advisory Group LLC boosted its position in shares of Texas Instruments by 0.6% in the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock worth $1,602,000 after purchasing an additional 52 shares in the last quarter. Blossom Wealth Management boosted its holdings in Texas Instruments by 5.1% in the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 55 shares in the last quarter. OLD Second National Bank of Aurora boosted its holdings in Texas Instruments by 11.1% in the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock worth $107,000 after acquiring an additional 57 shares in the last quarter. Avitas Wealth Management LLC increased its holdings in shares of Texas Instruments by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock valued at $2,032,000 after acquiring an additional 59 shares in the last quarter. Finally, Augustine Asset Management Inc. raised its position in shares of Texas Instruments by 5.2% in the 4th quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company’s stock valued at $226,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Barclays downgraded Texas Instruments from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $180.00 to $125.00 in a research report on Tuesday. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Citigroup reduced their price objective on Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $204.24.

Texas Instruments Stock Performance

NASDAQ TXN opened at $146.76 on Wednesday. The stock has a market capitalization of $133.54 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 3.30 and a beta of 0.99. The stock has a 50-day moving average of $175.71 and a 200 day moving average of $188.61. 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 Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 in the prior year, the business posted $1.49 earnings per share. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be paid 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 dividend yield of 3.71%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction 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 transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 in the last 90 days. 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.