New York State Common Retirement Fund cut its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,136,691 shares of the semiconductor company's stock after selling 102,294 shares during the period. New York State Common Retirement Fund owned about 0.12% of Texas Instruments worth $204,263,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after acquiring an additional 649,620 shares in the last quarter. Geode Capital Management LLC lifted its position in Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after acquiring an additional 267,352 shares in the last quarter. Norges Bank bought a new stake in Texas Instruments during the 4th quarter worth about $2,584,490,000. Alliancebernstein L.P. lifted its position in Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after buying an additional 822,797 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Mizuho upped their target price on Texas Instruments from $170.00 to $205.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Cantor Fitzgerald lowered their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research report on Monday, April 7th. Finally, Benchmark reduced their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $203.53.
Check Out Our Latest Analysis on TXN
Texas Instruments Trading Down 0.8%
Shares of TXN stock traded down $1.72 during trading hours on Wednesday, hitting $216.64. 6,420,620 shares of the company's stock traded hands, compared to its average volume of 6,461,824. The stock's 50 day simple moving average is $196.41 and its 200 day simple moving average is $184.64. The stock has a market cap of $196.81 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 3.58 and a beta of 1.03. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.
Texas Instruments Company Profile
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Free Report)
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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