Texas Instruments Incorporated $TXN Shares Sold by Strs Ohio

Strs Ohio lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,249 shares of the semiconductor company’s stock after selling 7,540 shares during the period. Strs Ohio’s holdings in Texas Instruments were worth $39,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TXN. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock worth $19,816,773,000 after acquiring an additional 1,426,360 shares in the last quarter. State Street Corp raised its holdings in Texas Instruments by 2.6% during the second quarter. State Street Corp now owns 43,325,014 shares of the semiconductor company’s stock worth $8,995,139,000 after purchasing an additional 1,084,364 shares during the last quarter. Geode Capital Management LLC raised its holdings in Texas Instruments by 1.3% during the second quarter. Geode Capital Management LLC now owns 22,224,770 shares of the semiconductor company’s stock worth $4,595,478,000 after purchasing an additional 279,755 shares during the last quarter. Invesco Ltd. raised its position in Texas Instruments by 3.3% during the second quarter. Invesco Ltd. now owns 14,068,306 shares of the semiconductor company’s stock worth $2,920,862,000 after acquiring an additional 443,738 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Texas Instruments in the second quarter valued at about $2,836,310,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of TXN stock opened at $193.31 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. The firm has a market capitalization of $175.65 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 3.10 and a beta of 1.00. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company has a 50 day moving average price of $177.82 and a 200 day moving average price of $183.08.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.65 billion. Texas Instruments had a net margin of 29.21% and a return on equity of 30.41%. Texas Instruments’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $1.44 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 30th. Texas Instruments’s payout ratio is 103.84%.

Insider Activity

In related news, Director Ronald Kirk sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.33, for a total value of $1,621,676.70. Following the transaction, the director owned 14,937 shares in the company, valued at approximately $2,424,723.21. This trade represents a 40.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christine Witzsche sold 1,000 shares of Texas Instruments stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $164.31, for a total transaction of $164,310.00. Following the transaction, the vice president directly owned 20,821 shares in the company, valued at approximately $3,421,098.51. This trade represents a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

TXN has been the topic of several recent research reports. TD Cowen restated a “buy” rating on shares of Texas Instruments in a research report on Wednesday, October 22nd. BNP Paribas Exane set a $190.00 price target on shares of Texas Instruments and gave the stock a “neutral” rating in a research note on Thursday. Exane BNP Paribas raised shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Thursday. Mizuho set a $145.00 target price on shares of Texas Instruments in a research report on Wednesday, October 22nd. Finally, Stifel Nicolaus boosted their price target on Texas Instruments from $170.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $195.12.

About Texas Instruments

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.