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

Teacher Retirement System of Texas decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 20.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 246,852 shares of the semiconductor company’s stock after selling 62,474 shares during the quarter. Teacher Retirement System of Texas’ holdings in Texas Instruments were worth $45,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Shelton Capital Management increased its position in shares of Texas Instruments by 2.6% during the 2nd quarter. Shelton Capital Management now owns 151,568 shares of the semiconductor company’s stock worth $31,469,000 after purchasing an additional 3,840 shares during the last quarter. Jennison Associates LLC boosted its stake in Texas Instruments by 35.1% during the second quarter. Jennison Associates LLC now owns 2,992,090 shares of the semiconductor company’s stock worth $621,218,000 after buying an additional 777,619 shares during the period. Howard Capital Management Inc. increased its position in shares of Texas Instruments by 11.3% during the second quarter. Howard Capital Management Inc. now owns 26,745 shares of the semiconductor company’s stock valued at $5,553,000 after acquiring an additional 2,709 shares during the last quarter. Invesco Ltd. raised its stake in shares of Texas Instruments by 3.3% in the 2nd quarter. Invesco Ltd. now owns 14,068,306 shares of the semiconductor company’s stock valued at $2,920,862,000 after acquiring an additional 443,738 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock worth $19,816,773,000 after acquiring an additional 1,426,360 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

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

Texas Instruments Price Performance

Shares of TXN opened at $194.99 on Friday. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81. The firm’s fifty day simple moving average is $177.14 and its 200-day simple moving average is $183.22. The firm has a market capitalization of $177.17 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 3.09 and a beta of 1.00. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.65 billion. Texas Instruments had a return on equity of 30.41% and a net margin of 29.21%.Texas Instruments’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Texas Instruments from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $190.00 price objective on shares of Texas Instruments in a research note on Tuesday, December 16th. Bank of America lowered Texas Instruments from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $208.00 to $190.00 in a research note on Monday, October 13th. UBS Group set a $245.00 price target on shares of Texas Instruments and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Texas Instruments from $225.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $195.12.

Texas Instruments Company 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.