Texas Instruments Incorporated (NASDAQ:TXN) Position Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,238,985 shares of the semiconductor company's stock after selling 9,100 shares during the period. New York State Common Retirement Fund owned about 0.14% of Texas Instruments worth $232,322,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TXN. State Street Corp lifted its position in Texas Instruments by 0.9% in the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock valued at $8,609,679,000 after acquiring an additional 391,306 shares during the last quarter. Geode Capital Management LLC lifted its position in Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock valued at $4,382,936,000 after acquiring an additional 487,892 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company's stock valued at $3,976,562,000 after acquiring an additional 782,053 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Texas Instruments by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company's stock valued at $1,664,998,000 after buying an additional 36,441 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Texas Instruments by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company's stock valued at $1,605,861,000 after buying an additional 124,712 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction 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 sale, the director now directly owns 11,717 shares of the company's stock, valued at approximately $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. Company insiders own 0.68% of the company's stock.

Texas Instruments Trading Down 1.0 %

Shares of Texas Instruments stock traded down $1.96 during trading hours on Friday, hitting $202.00. The company's stock had a trading volume of 7,349,861 shares, compared to its average volume of 6,488,266. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The business has a fifty day moving average of $188.23 and a 200 day moving average of $197.27. The company has a market capitalization of $183.89 billion, a PE ratio of 38.92, a P/E/G ratio of 3.17 and a beta of 0.97. 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 released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $1.49 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's payout ratio is currently 104.82%.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of research reports. Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Mizuho reduced their target price on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Wells Fargo & Company reduced their target price 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. Barclays reduced their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Two investment 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 data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus target price 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.