Public Employees Retirement System of Ohio lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 392,389 shares of the semiconductor company's stock after selling 17,393 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Texas Instruments were worth $73,577,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently modified their holdings of TXN. Norges Bank bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $2,584,490,000. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the last quarter. Invesco Ltd. boosted its position in shares of Texas Instruments by 15.4% during 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $295,665,000. Finally, Van ECK Associates Corp boosted its position in shares of Texas Instruments by 21.8% during the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock valued at $1,408,925,000 after acquiring an additional 1,345,629 shares during the last quarter. Institutional investors own 84.99% of the company's stock.
Texas Instruments Price Performance
Shares of Texas Instruments stock opened at $180.21 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The business's 50 day simple moving average is $168.03 and its two-hundred day simple moving average is $184.05. The stock has a market capitalization of $163.72 billion, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.
Texas Instruments (NASDAQ:TXN - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 3.02%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.
Insider Activity
In other news, Director Janet F. Clark sold 6,065 shares of the business's 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 transaction, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This trade represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,065 shares of company stock valued at $40,070,845. Company insiders own 0.57% of the company's stock.
Analyst Ratings Changes
TXN has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Wells Fargo & Company dropped their price target on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Rosenblatt Securities reiterated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Benchmark decreased their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and an average target price of $189.41.
Check Out Our Latest Analysis on Texas Instruments
Texas Instruments Company Profile
(
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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