Retirement Systems of Alabama Sells 3,626 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Retirement Systems of Alabama reduced its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 348,089 shares of the semiconductor company's stock after selling 3,626 shares during the quarter. Retirement Systems of Alabama's holdings in Texas Instruments were worth $62,552,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Promus Capital LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $25,000. Summit Securities Group LLC purchased a new position in Texas Instruments during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the 4th quarter worth about $28,000. Copia Wealth Management bought a new position in Texas Instruments in the 4th quarter worth about $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments in the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley restated an "underweight" rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Argus raised shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $190.55.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $198.35 on Friday. The company's fifty day simple moving average is $175.96 and its two-hundred day simple moving average is $182.10. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The firm has a market cap of $180.20 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. 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 earnings results 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 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the firm earned $1.10 earnings per share. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts expect 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 was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

About Texas Instruments

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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