Crestline Management LP Makes New $20.37 Million Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Crestline Management LP purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 108,633 shares of the semiconductor company’s stock, valued at approximately $20,370,000. Texas Instruments comprises approximately 0.7% of Crestline Management LP’s holdings, making the stock its 17th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Insight Wealth Strategies LLC lifted its position in Texas Instruments by 7.5% during the fourth quarter. Insight Wealth Strategies LLC now owns 12,116 shares of the semiconductor company’s stock valued at $2,272,000 after purchasing an additional 850 shares during the period. Advance Capital Management Inc. raised its stake in Texas Instruments by 41.8% during the 4th quarter. Advance Capital Management Inc. now owns 1,394 shares of the semiconductor company’s stock valued at $261,000 after buying an additional 411 shares during the last quarter. Bangor Savings Bank lifted its holdings in shares of Texas Instruments by 13.7% during the 4th quarter. Bangor Savings Bank now owns 812 shares of the semiconductor company’s stock valued at $152,000 after buying an additional 98 shares during the period. Worth Asset Management LLC boosted its stake in shares of Texas Instruments by 14.5% in the 4th quarter. Worth Asset Management LLC now owns 4,936 shares of the semiconductor company’s stock worth $926,000 after buying an additional 626 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its holdings in shares of Texas Instruments by 6.5% in the fourth quarter. Douglas Lane & Associates LLC now owns 1,947 shares of the semiconductor company’s stock worth $365,000 after acquiring an additional 118 shares during the period. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the company’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 sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction 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 $80,872,804.41. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,065 shares of company stock worth $59,734,685. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research reports. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price on the stock in a research report on Monday, April 7th. Morgan Stanley reissued an “underweight” rating and issued a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. TD Securities reiterated a “hold” rating and issued a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, Baird R W raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $189.41.

Texas Instruments Stock Performance

TXN opened at $162.42 on Tuesday. The firm’s 50-day moving average price is $169.55 and its 200-day moving average price is $185.90. The company has a market cap of $147.55 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its 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 the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be issued a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.35%. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Texas Instruments 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.