Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,841 shares of the semiconductor company’s stock after selling 16,042 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Texas Instruments were worth $19,471,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Texas Instruments by 87.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 97,656 shares of the semiconductor company’s stock valued at $18,311,000 after purchasing an additional 45,615 shares in the last quarter. Transce3nd LLC bought a new stake in Texas Instruments during the fourth quarter worth approximately $559,000. MML Investors Services LLC grew its position in Texas Instruments by 3.1% in the fourth quarter. MML Investors Services LLC now owns 134,211 shares of the semiconductor company’s stock worth $25,166,000 after buying an additional 4,058 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Texas Instruments by 1.6% during the 4th quarter. MetLife Investment Management LLC now owns 246,271 shares of the semiconductor company’s stock worth $46,178,000 after acquiring an additional 3,884 shares in the last quarter. Finally, Norinchukin Bank The grew its holdings in shares of Texas Instruments by 4.6% in the 4th quarter. Norinchukin Bank The now owns 293,854 shares of the semiconductor company’s stock worth $55,101,000 after acquiring an additional 13,054 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Barclays cut their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Stifel Nicolaus decreased their target price on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.86.

Texas Instruments Price Performance

Shares of TXN opened at $148.34 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market cap of $134.97 billion, a PE ratio of 28.58, a PEG ratio of 3.30 and a beta of 0.99. The firm’s 50 day moving average price is $177.08 and its 200 day moving average price is $189.30. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm earned $1.49 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Insiders Place Their Bets

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

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.