New York State Teachers Retirement System Has $131 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

New York State Teachers Retirement System reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 729,011 shares of the semiconductor company's stock after selling 34,373 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Texas Instruments worth $131,003,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TXN. Promus Capital LLC acquired a new position in Texas Instruments during the fourth quarter worth $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments in the first quarter valued at $34,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. KeyCorp lowered their target price on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Argus upgraded Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Arete assumed coverage on Texas Instruments in a research note on Thursday. They issued a "neutral" rating and a $203.80 target price for the company. Finally, Summit Insights lowered Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $191.49.

Texas Instruments Price Performance

Shares of TXN opened at $207.08 on Monday. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The stock has a market cap of $188.13 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00. The stock's 50-day moving average price is $182.58 and its two-hundred day moving average price is $182.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the business earned $1.10 earnings per share. The company's revenue was up 11.1% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders 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 yield of 2.63%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is currently 103.23%.

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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