New York State Teachers Retirement System Sells 36,519 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

New York State Teachers Retirement System lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 763,384 shares of the semiconductor company's stock after selling 36,519 shares during the period. New York State Teachers Retirement System owned 0.08% of Texas Instruments worth $143,142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Financial Life Planners bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments during the fourth quarter worth $27,000. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments during the third quarter worth $28,000. Tsfg LLC increased its stake in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the 3rd quarter valued at $39,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Up 1.9 %

Shares of TXN traded up $3.43 during trading hours on Tuesday, hitting $186.46. 4,578,002 shares of the stock were exchanged, compared to its average volume of 6,310,399. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The business has a 50-day moving average of $187.97 and a 200-day moving average of $197.24. The firm has a market capitalization of $170.09 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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 last year, the firm posted $1.49 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.38 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is 104.82%.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value 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 $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Robert W. Baird reduced their price objective on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Benchmark reaffirmed a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Bank of America dropped their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley increased their price target on Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.