Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 699,601 shares of the semiconductor company's stock after selling 27,438 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.08% of Texas Instruments worth $131,182,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Promus Capital LLC acquired a new stake in shares of Texas Instruments in the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new stake in Texas Instruments during the fourth quarter worth $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at $27,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth $28,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Price Performance

Texas Instruments stock opened at $162.86 on Friday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 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 firm has a 50 day moving average price of $174.21 and a 200 day moving average price of $187.70. The company has a market cap of $148.19 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 3.30 and a beta of 0.99.

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

Texas Instruments Announces Dividend

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

TXN has been the subject of several recent research reports. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Citigroup dropped their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Cantor Fitzgerald cut their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday. KeyCorp lowered their target price on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $189.41.

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.

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