Tenere Capital LLC Invests $5.36 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Tenere Capital LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,943 shares of the semiconductor company’s stock, valued at approximately $5,359,000. Texas Instruments makes up approximately 1.4% of Tenere Capital LLC’s holdings, making the stock its 25th biggest position.

Other hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments in the third quarter worth approximately $28,000. Tsfg LLC lifted its holdings in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments in the 3rd quarter valued at $39,000. FSA Wealth Management LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments during the 3rd quarter valued at $43,000. 84.99% of the stock is owned by institutional investors.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

Shares of TXN opened at $193.10 on Friday. The company has a 50-day simple moving average of $203.28 and a two-hundred day simple moving average of $200.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The firm has a market capitalization of $176.15 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 4.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $154.68 and a one year high of $220.38.

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

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.82%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays lowered their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company initiated coverage on Texas Instruments in a report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 target price for the company. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Bank of America decreased their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $210.05.

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.