Sapient Capital LLC Takes $29.84 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Sapient Capital LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 175,074 shares of the semiconductor company’s stock, valued at approximately $29,843,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Field & Main Bank increased its holdings in shares of Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after buying an additional 65 shares during the last quarter. Howard Financial Services LTD. grew its position in Texas Instruments by 3.1% in the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after acquiring an additional 66 shares during the period. Sandy Spring Bank increased its stake in Texas Instruments by 3.5% during the fourth quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after acquiring an additional 66 shares during the last quarter. Harbour Investments Inc. raised its position in Texas Instruments by 2.1% in the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock valued at $508,000 after purchasing an additional 67 shares during the period. Finally, Pinnacle Financial Partners Inc lifted its stake in shares of Texas Instruments by 0.5% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock valued at $1,983,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders sold a total of 228,529 shares of company stock valued at $40,502,458 over the last quarter. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN traded up $3.11 during trading on Friday, hitting $178.91. 4,545,090 shares of the stock were exchanged, compared to its average volume of 6,059,944. The firm has a market capitalization of $162.89 billion, a P/E ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The stock has a fifty day moving average price of $170.68 and a two-hundred day moving average price of $162.98. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TXN shares. Evercore ISI boosted their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Barclays cut their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $180.74.

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.