Maryland State Retirement & Pension System Acquires 752 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Maryland State Retirement & Pension System lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 70,673 shares of the semiconductor company’s stock after acquiring an additional 752 shares during the period. Maryland State Retirement & Pension System’s holdings in Texas Instruments were worth $12,047,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXN. Clifford Swan Investment Counsel LLC increased its position in shares of Texas Instruments by 2.3% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 43,137 shares of the semiconductor company’s stock worth $7,353,000 after purchasing an additional 968 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Texas Instruments by 17.2% during the 4th quarter. Metis Global Partners LLC now owns 58,238 shares of the semiconductor company’s stock worth $9,927,000 after purchasing an additional 8,526 shares in the last quarter. Clearstead Trust LLC increased its position in shares of Texas Instruments by 531.2% during the 4th quarter. Clearstead Trust LLC now owns 2,897 shares of the semiconductor company’s stock worth $494,000 after purchasing an additional 2,438 shares in the last quarter. Connecticut Wealth Management LLC increased its position in shares of Texas Instruments by 6.2% during the 4th quarter. Connecticut Wealth Management LLC now owns 6,667 shares of the semiconductor company’s stock worth $1,136,000 after purchasing an additional 390 shares in the last quarter. Finally, Pointe Capital Management LLC increased its position in shares of Texas Instruments by 7.0% during the 4th quarter. Pointe Capital Management LLC now owns 4,386 shares of the semiconductor company’s stock worth $748,000 after purchasing an additional 288 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Price Performance

Shares of TXN stock traded up $2.81 during trading hours on Tuesday, hitting $183.18. The stock had a trading volume of 3,312,870 shares, compared to its average volume of 5,644,214. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The stock’s 50-day moving average price is $171.03 and its two-hundred day moving average price is $163.33. The stock has a market capitalization of $166.78 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 3.81 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.84%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction on Monday, April 29th. The stock was 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 owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s 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 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. Over the last quarter, insiders sold 328,969 shares of company stock worth $58,427,984. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Truist Financial boosted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Susquehanna boosted their target price on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. TD Cowen upped their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley boosted their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.