Steadfast Capital Management LP Acquires 178,500 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Steadfast Capital Management LP grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 53.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 512,300 shares of the semiconductor company’s stock after purchasing an additional 178,500 shares during the period. Texas Instruments comprises about 2.0% of Steadfast Capital Management LP’s investment portfolio, making the stock its 24th biggest holding. Steadfast Capital Management LP’s holdings in Texas Instruments were worth $96,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Promus Capital LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments in the 4th quarter worth $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth $27,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth $28,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $188.50 on Friday. The stock’s 50-day simple moving average is $167.29 and its 200-day simple moving average is $184.58. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a market capitalization of $171.25 billion, a price-to-earnings ratio of 36.32, a PEG 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 (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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

Analysts Set New Price Targets

TXN has been the topic of a number of research reports. Benchmark dropped their price target on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Cantor Fitzgerald dropped their price target on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. TD Securities restated a “hold” rating and issued a $160.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Mizuho set a $170.00 price target on Texas Instruments in a research note on Thursday, April 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $189.41.

Insider Activity

In related news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated 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 sale, the chairman now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated 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 sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 297,065 shares of company stock worth $59,734,685 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

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.