Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 353,456 shares of the semiconductor company's stock after selling 16,100 shares during the period. Retirement Systems of Alabama's holdings in Texas Instruments were worth $73,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TXN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Texas Instruments by 51.6% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,467 shares of the semiconductor company's stock worth $1,336,000 after buying an additional 2,200 shares during the last quarter. Swedbank AB increased its holdings in shares of Texas Instruments by 42.9% in the second quarter. Swedbank AB now owns 247,328 shares of the semiconductor company's stock valued at $48,113,000 after purchasing an additional 74,277 shares during the period. Fiduciary Financial Group LLC acquired a new position in shares of Texas Instruments in the second quarter valued at approximately $291,000. Miracle Mile Advisors LLC lifted its holdings in shares of Texas Instruments by 7.3% during the second quarter. Miracle Mile Advisors LLC now owns 8,647 shares of the semiconductor company's stock worth $1,682,000 after purchasing an additional 591 shares during the period. Finally, Pure Financial Advisors LLC grew its position in Texas Instruments by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company's stock valued at $433,000 after buying an additional 55 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Barclays dropped their target price on Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. Benchmark reissued a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $210.05.

Texas Instruments Price Performance

TXN stock traded down $0.12 on Friday, reaching $191.59. The company had a trading volume of 4,772,755 shares, compared to its average volume of 5,546,320. The company's fifty day moving average is $202.35 and its 200 day moving average is $200.61. The company has a market cap of $174.77 billion, a P/E ratio of 35.63, a PEG ratio of 4.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's payout ratio is currently 101.12%.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company's stock, valued at approximately $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 accessible 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 transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

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.