Landscape Capital Management L.L.C. Purchases New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Landscape Capital Management L.L.C. bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,657 shares of the semiconductor company’s stock, valued at approximately $873,000.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Texas Instruments in the 4th quarter valued at approximately $2,584,490,000. Assenagon Asset Management S.A. increased its position in shares of Texas Instruments by 948.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after buying an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after buying an additional 2,237,035 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $295,665,000. Finally, Van ECK Associates Corp grew its stake in Texas Instruments by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock valued at $1,408,925,000 after acquiring an additional 1,345,629 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ TXN opened at $151.39 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1-year low of $150.96 and a 1-year high of $220.39. The firm has a market capitalization of $137.75 billion, a P/E ratio of 29.17, a P/E/G ratio of 3.30 and a beta of 0.99. The business’s 50-day simple moving average is $184.06 and its 200-day simple moving average is $193.65.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the business earned $1.49 EPS. Equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.59%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 over the last three months. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TXN. Barclays reduced their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Mizuho lowered their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $209.20.

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.