Public Employees Retirement System of Ohio Sells 2,681 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Public Employees Retirement System of Ohio reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 409,782 shares of the semiconductor company's stock after selling 2,681 shares during the period. Public Employees Retirement System of Ohio's holdings in Texas Instruments were worth $84,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the 3rd quarter valued at $28,000. Tsfg LLC raised its holdings in 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 acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Texas Instruments in the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new position in Texas Instruments in the 3rd quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Texas Instruments in the 3rd quarter valued at $43,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TXN shares. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Truist Financial lowered their price target on Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Morgan Stanley boosted their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. Robert W. Baird lowered their price target on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Finally, Evercore ISI boosted their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $210.05.

Texas Instruments Trading Up 0.2 %

Shares of NASDAQ TXN traded up $0.37 during trading on Monday, reaching $193.47. The company had a trading volume of 2,604,018 shares, compared to its average volume of 5,545,208. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company's fifty day moving average price is $203.28 and its 200-day moving average price is $200.83. The stock has a market cap of $176.49 billion, a P/E ratio of 35.89, a PEG ratio of 4.22 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The firm's revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments's dividend payout ratio is 101.12%.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares of the company's stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was 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 approximately $2,912,295.59. This trade represents 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 owned by company insiders.

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.