State of Tennessee Department of Treasury Sells 24,869 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

State of Tennessee Department of Treasury decreased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,713 shares of the semiconductor company's stock after selling 24,869 shares during the period. State of Tennessee Department of Treasury's holdings in Texas Instruments were worth $68,950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new position in shares of Texas Instruments in the 4th quarter worth $25,000. Financial Life Planners acquired a new position in Texas Instruments in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments in the fourth quarter valued at about $27,000. Summit Securities Group LLC bought a new position in Texas Instruments during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on TXN. Cantor Fitzgerald reduced their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research report on Thursday. UBS Group reduced their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $180.00 to $125.00 in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $189.41.

Texas Instruments Price Performance

Shares of TXN stock traded up $0.73 during trading on Friday, hitting $162.86. The company had a trading volume of 8,381,669 shares, compared to its average volume of 6,202,419. The firm has a market capitalization of $148.19 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock's 50-day moving average price is $174.68 and its 200 day moving average price is $188.09.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be given a dividend of $1.36 per share. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.34%. Texas Instruments's dividend payout ratio is currently 104.82%.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at $80,872,804.41. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 over the last three months. Insiders own 0.57% 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.