Texas Instruments Incorporated $TXN Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 20.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 246,852 shares of the semiconductor company’s stock after selling 62,474 shares during the period. Teacher Retirement System of Texas’ holdings in Texas Instruments were worth $45,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TXN. Strategic Wealth Investment Group LLC purchased a new position in Texas Instruments during the 2nd quarter worth $25,000. Pacifica Partners Inc. raised its holdings in shares of Texas Instruments by 85.2% in the third quarter. Pacifica Partners Inc. now owns 150 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 69 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Texas Instruments during the third quarter worth about $29,000. LGT Financial Advisors LLC increased its position in Texas Instruments by 328.9% in the 2nd quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 148 shares during the period. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in Texas Instruments during the 2nd quarter valued at approximately $40,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.3%

TXN stock opened at $194.99 on Friday. The company has a 50 day moving average price of $177.14 and a two-hundred day moving average price of $183.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. The stock has a market capitalization of $177.17 billion, a P/E ratio of 35.65, a PEG ratio of 3.09 and a beta of 1.00. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.48. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Texas Instruments had a return on equity of 30.41% and a net margin of 29.21%.The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 earnings per share. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 103.84%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. The Goldman Sachs Group lowered shares of Texas Instruments from a “buy” rating to a “sell” rating and lowered their price objective for the company from $200.00 to $156.00 in a research report on Monday, December 15th. Benchmark restated a “buy” rating on shares of Texas Instruments in a research report on Wednesday, October 22nd. UBS Group set a $245.00 target price on shares of Texas Instruments and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $170.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $195.12.

Insider Activity

In related news, Director Ronald Kirk sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.33, for a total value of $1,621,676.70. Following the sale, the director directly owned 14,937 shares of the company’s stock, valued at approximately $2,424,723.21. This trade represents a 40.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christine Witzsche sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the transaction, the vice president directly owned 20,821 shares of the company’s stock, valued at $3,421,098.51. This trade represents a 4.58% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by insiders.

Texas Instruments Profile

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.