Parkwood LLC Makes New $8.68 Million Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Parkwood LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 46,303 shares of the semiconductor company’s stock, valued at approximately $8,682,000.

Several other large investors also recently modified their holdings of TXN. Vanguard Group Inc. boosted its holdings in shares of Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after buying an additional 649,620 shares in the last quarter. Geode Capital Management LLC boosted its stake in Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after acquiring an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 11.6% in the fourth 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 in the last quarter. Norges Bank bought a new stake in Texas Instruments in the fourth quarter valued at $2,584,490,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock valued at $2,382,684,000 after purchasing an additional 822,797 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 0.5%

TXN stock opened at $188.20 on Wednesday. The stock has a fifty day moving average of $167.11 and a 200-day moving average of $184.84. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a market capitalization of $170.97 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.89%. Texas Instruments’s dividend payout ratio is 103.23%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred 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 owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This trade represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,065 shares of company stock valued at $59,734,685 in the last 90 days. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price for the company in a research note on Friday, April 25th. Morgan Stanley reissued an “underweight” rating and issued a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Summit Insights lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Finally, Benchmark lowered their target price on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.