Maryland State Retirement & Pension System Lowers Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Maryland State Retirement & Pension System reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,054 shares of the semiconductor company's stock after selling 3,443 shares during the quarter. Maryland State Retirement & Pension System's holdings in Texas Instruments were worth $9,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Howard Capital Management Group LLC purchased a new position in shares of Texas Instruments in the third quarter worth about $202,000. Thrivent Financial for Lutherans increased its holdings in shares of Texas Instruments by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company's stock worth $15,349,000 after buying an additional 1,095 shares during the period. Quest Partners LLC purchased a new position in shares of Texas Instruments in the third quarter worth about $226,000. LMR Partners LLP purchased a new position in shares of Texas Instruments in the third quarter valued at about $2,694,000. Finally, Drive Wealth Management LLC increased its position in shares of Texas Instruments by 15.9% in the third quarter. Drive Wealth Management LLC now owns 1,280 shares of the semiconductor company's stock valued at $264,000 after acquiring an additional 176 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by insiders.

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Texas Instruments Stock Down 0.9 %

Shares of NASDAQ TXN traded down $1.68 during trading on Friday, reaching $179.00. The company had a trading volume of 11,789,596 shares, compared to its average volume of 5,358,604. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39. The stock has a market cap of $162.88 billion, a PE ratio of 34.49, a P/E/G ratio of 3.30 and a beta of 0.98. The business's 50-day moving average is $187.47 and its 200 day moving average is $195.33. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its 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 return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the prior year, the business posted $1.49 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.04%. Texas Instruments's dividend payout ratio is 104.82%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TXN shares. Benchmark restated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays reduced their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Finally, Mizuho reduced their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $209.20.

Texas Instruments Company 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.