Telemark Asset Management LLC Purchases 40,000 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Telemark Asset Management LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 133.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 70,000 shares of the semiconductor company’s stock after buying an additional 40,000 shares during the quarter. Texas Instruments comprises 1.5% of Telemark Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Telemark Asset Management LLC’s holdings in Texas Instruments were worth $14,460,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allen Capital Group LLC acquired a new position in Texas Instruments in the third quarter valued at about $251,000. 49 Wealth Management LLC lifted its stake in Texas Instruments by 21.1% in the third quarter. 49 Wealth Management LLC now owns 1,905 shares of the semiconductor company’s stock valued at $394,000 after buying an additional 332 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after buying an additional 782,053 shares during the period. Banco Santander S.A. lifted its stake in Texas Instruments by 4.5% in the third quarter. Banco Santander S.A. now owns 6,447 shares of the semiconductor company’s stock valued at $1,332,000 after buying an additional 279 shares during the period. Finally, Smithfield Trust Co lifted its stake in Texas Instruments by 1.5% in the third quarter. Smithfield Trust Co now owns 9,655 shares of the semiconductor company’s stock valued at $1,991,000 after buying an additional 145 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Wells Fargo & Company started coverage on Texas Instruments in a research report on Friday. They set an “equal weight” rating and a $215.00 price target on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Susquehanna dropped their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Stock Down 0.2 %

TXN stock opened at $197.86 on Friday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $204.49 and a two-hundred day moving average price of $200.14. The company has a market cap of $180.49 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $151.27 and a twelve month high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the company posted $1.80 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,968 shares of company stock valued at $3,126,464. Insiders own 0.68% of the company’s stock.

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.