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

Kentucky Retirement Systems reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,608 shares of the semiconductor company's stock after selling 5,003 shares during the quarter. Kentucky Retirement Systems' holdings in Texas Instruments were worth $13,140,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tsfg LLC raised its stake in shares of Texas Instruments by 82.0% during the third 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 bought a new stake in Texas Instruments during the 3rd quarter valued at $39,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Texas Instruments in the 3rd quarter worth $43,000. Friedenthal Financial bought a new position in shares of Texas Instruments during the 2nd quarter worth $50,000. Finally, Beacon Capital Management LLC increased its stake in shares of Texas Instruments by 42.1% during the first quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company's stock valued at $58,000 after buying an additional 98 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

NASDAQ TXN traded down $4.88 during trading hours on Friday, reaching $201.12. The company's stock had a trading volume of 5,970,371 shares, compared to its average volume of 5,504,648. The firm has a market capitalization of $183.47 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 4.50 and a beta of 0.99. The company's 50-day moving average is $204.39 and its two-hundred day moving average is $199.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1-year low of $150.81 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping 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 business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company posted $1.80 EPS. The business's quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. Texas Instruments's dividend payout ratio (DPR) is 101.12%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays cut their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. KeyCorp raised their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Robert W. Baird lowered their price target on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and an average price target of $206.95.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction 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 transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at $33,233,101.44. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $5,341,235 over the last 90 days. Corporate insiders own 0.68% of the company's stock.

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.