Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193,965 shares of the semiconductor company's stock after selling 4,796 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Texas Instruments were worth $36,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Promus Capital LLC acquired a new stake in shares of Texas Instruments during the 4th quarter valued at about $25,000. Financial Life Planners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments during the fourth quarter worth $28,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments during the fourth quarter worth $37,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXN has been the topic of several analyst reports. Barclays reduced their price target on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Mizuho dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Finally, Truist Financial decreased their price objective 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 equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average target price of $209.20.

Remove Ads

Texas Instruments Stock Up 3.6 %

Shares of NASDAQ TXN traded up $6.51 during midday trading on Monday, hitting $185.51. The company's stock had a trading volume of 5,694,749 shares, compared to its average volume of 5,359,948. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market capitalization of $168.80 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The business's fifty day simple moving average is $187.36 and its two-hundred day simple moving average is $195.16. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate 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 posted $1.49 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

Insider Transactions at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders 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 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.