Teacher Retirement System of Texas Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Teacher Retirement System of Texas raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,870 shares of the semiconductor company's stock after buying an additional 22,699 shares during the quarter. Teacher Retirement System of Texas' holdings in Texas Instruments were worth $40,290,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC purchased a new position in Texas Instruments in the third quarter worth about $202,000. Thrivent Financial for Lutherans increased its position in Texas Instruments by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company's stock valued at $15,349,000 after acquiring an additional 1,095 shares during the last quarter. Quest Partners LLC bought a new position in Texas Instruments during the third quarter valued at $226,000. Prospera Financial Services Inc raised its stake in shares of Texas Instruments by 16.8% in the third quarter. Prospera Financial Services Inc now owns 18,002 shares of the semiconductor company's stock valued at $3,721,000 after acquiring an additional 2,593 shares during the period. Finally, Prospera Private Wealth LLC bought a new position in Texas Instruments during the 3rd quarter valued at about $46,000. Institutional investors own 84.99% of the company's stock.

Insider Transactions at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the business'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 directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

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Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $1.54 during mid-day trading on Tuesday, hitting $183.97. The stock had a trading volume of 4,357,167 shares, compared to its average volume of 5,358,950. The firm has a market cap of $167.40 billion, a PE ratio of 35.45, a PEG ratio of 3.30 and a beta of 0.98. 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 company has a 50 day moving average of $187.36 and a two-hundred day moving average of $195.16. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates 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 earned $1.49 EPS. Research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is currently 104.82%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TXN. Mizuho reduced their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.