Redpoint Investment Management Pty Ltd Acquires 631 Shares of Texas Instruments Incorporated (TXN)

Redpoint Investment Management Pty Ltd lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,072 shares of the semiconductor company’s stock after purchasing an additional 631 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Texas Instruments were worth $7,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Highwater Wealth Management LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $34,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $40,000. Essex Savings Bank acquired a new position in shares of Texas Instruments during the 4th quarter valued at $42,000. Baldwin Brothers Inc. MA lifted its holdings in shares of Texas Instruments by 42.5% during the 4th quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 153 shares in the last quarter. Finally, G&S Capital LLC lifted its holdings in shares of Texas Instruments by 25.0% during the 4th quarter. G&S Capital LLC now owns 725 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 145 shares in the last quarter. 86.92% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Monday, January 28th. Robert W. Baird restated a “hold” rating and set a $97.00 target price on shares of Texas Instruments in a report on Tuesday, February 5th. BMO Capital Markets restated a “buy” rating and set a $120.00 target price on shares of Texas Instruments in a report on Thursday, January 24th. Finally, Goldman Sachs Group upgraded shares of Texas Instruments from a “sell” rating to a “neutral” rating in a report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the stock. Texas Instruments presently has an average rating of “Hold” and a consensus target price of $108.74.

In other news, VP Haren Julie Van sold 3,953 shares of the business’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $101.88, for a total value of $402,731.64. Following the completion of the sale, the vice president now owns 30,523 shares of the company’s stock, valued at approximately $3,109,683.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel A. Carp sold 14,749 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $103.50, for a total transaction of $1,526,521.50. Following the completion of the sale, the director now directly owns 51,573 shares of the company’s stock, valued at approximately $5,337,805.50. The disclosure for this sale can be found here. Insiders sold a total of 178,044 shares of company stock valued at $18,178,452 in the last three months. Insiders own 0.84% of the company’s stock.

Texas Instruments stock opened at $106.44 on Wednesday. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $118.48. The firm has a market cap of $102.24 billion, a P/E ratio of 19.64, a PEG ratio of 1.98 and a beta of 1.17. The company has a current ratio of 3.27, a quick ratio of 2.38 and a debt-to-equity ratio of 0.48.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.03. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 11th. Stockholders of record on Thursday, January 31st were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Wednesday, January 30th. Texas Instruments’s payout ratio is currently 56.83%.

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Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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