California Public Employees Retirement System Purchases 544,104 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

California Public Employees Retirement System increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,637,188 shares of the semiconductor company's stock after purchasing an additional 544,104 shares during the quarter. Texas Instruments accounts for 0.6% of California Public Employees Retirement System's holdings, making the stock its 27th biggest position. California Public Employees Retirement System owned about 0.51% of Texas Instruments worth $869,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Howard Capital Management Group LLC acquired a new position in Texas Instruments during the third quarter valued at approximately $202,000. Public Sector Pension Investment Board boosted its position in shares of Texas Instruments by 14.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 40,108 shares of the semiconductor company's stock worth $8,285,000 after purchasing an additional 5,100 shares during the last quarter. Financial Counselors Inc. raised its stake in Texas Instruments by 15.2% during the 3rd quarter. Financial Counselors Inc. now owns 10,938 shares of the semiconductor company's stock worth $2,260,000 after buying an additional 1,443 shares during the period. Captrust Financial Advisors raised its holdings in shares of Texas Instruments by 0.4% during the third quarter. Captrust Financial Advisors now owns 95,644 shares of the semiconductor company's stock worth $19,757,000 after acquiring an additional 354 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Texas Instruments by 207.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 467,811 shares of the semiconductor company's stock valued at $96,636,000 after purchasing an additional 315,672 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

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Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company's stock, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the business'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 transaction of $106,618.90. Following the transaction, the director now directly owns 11,717 shares of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Down 1.0 %

NASDAQ:TXN traded down $1.71 during midday trading on Tuesday, reaching $177.99. 5,962,793 shares of the stock traded hands, compared to its average volume of 5,723,211. The company has a fifty day moving average of $186.20 and a 200 day moving average of $194.51. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The stock has a market capitalization of $161.96 billion, a P/E ratio of 34.29, a PEG ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the company posted $1.49 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analyst Weigh In

TXN has been the topic of a number of analyst reports. Mizuho dropped their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Benchmark reiterated a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Truist Financial cut their target price on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Two 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.