Neo Ivy Capital Management Invests $1.94 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Neo Ivy Capital Management purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,338 shares of the semiconductor company’s stock, valued at approximately $1,938,000.

A number of other hedge funds have also made changes to their positions in TXN. Promus Capital LLC purchased a new position in Texas Instruments in the fourth quarter valued at about $25,000. Financial Life Planners acquired a new position in Texas Instruments in the fourth quarter worth approximately $26,000. Summit Securities Group LLC acquired a new position in Texas Instruments in the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments in the fourth quarter worth approximately $28,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments in the fourth quarter worth approximately $37,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $180.21 on Friday. The stock has a market capitalization of $163.72 billion, a P/E ratio of 34.72, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $168.03 and a two-hundred day moving average price of $184.05.

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

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 103.23%.

Wall Street Analyst Weigh In

TXN has been the topic of a number of research reports. Cantor Fitzgerald dropped their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Truist Financial dropped their price objective on Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. UBS Group dropped their price objective on Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Benchmark lowered their price target on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently 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 company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction 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 completion of the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 200,065 shares of company stock valued at $40,070,845 in the last quarter. 0.57% of the stock is currently owned by insiders.

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.