California State Teachers Retirement System Sells 42,508 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

California State Teachers Retirement System lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,419,279 shares of the semiconductor company's stock after selling 42,508 shares during the quarter. California State Teachers Retirement System owned 0.16% of Texas Instruments worth $266,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TXN. Northern Trust Corp grew its stake in shares of Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after purchasing an additional 1,132,187 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Texas Instruments by 6.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,480,878 shares of the semiconductor company's stock worth $652,700,000 after acquiring an additional 201,879 shares during the period. Beacon Pointe Advisors LLC raised its holdings in shares of Texas Instruments by 1.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 56,953 shares of the semiconductor company's stock worth $10,679,000 after acquiring an additional 1,041 shares during the period. Whalerock Point Partners LLC increased its stake in Texas Instruments by 1.6% in the 4th quarter. Whalerock Point Partners LLC now owns 7,142 shares of the semiconductor company's stock valued at $1,339,000 after buying an additional 110 shares during the last quarter. Finally, Betterment LLC raised its holdings in Texas Instruments by 5.2% during the fourth quarter. Betterment LLC now owns 4,044 shares of the semiconductor company's stock worth $758,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company's stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % 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 worth $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

TXN traded down $0.72 during trading on Wednesday, reaching $160.05. The company's stock had a trading volume of 5,953,048 shares, compared to its average volume of 6,198,149. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company's fifty day moving average price is $171.83 and its 200-day moving average price is $186.92. The company has a market capitalization of $145.63 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $1.10 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.40%. Texas Instruments's dividend payout ratio is presently 103.23%.

Analysts Set New Price Targets

TXN has been the topic of several research analyst reports. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Benchmark lowered their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus reduced their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a report on Monday, April 7th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $189.41.

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.