Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,546 shares of the semiconductor company's stock after acquiring an additional 2,705 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Texas Instruments were worth $19,146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments in the 1st quarter valued at approximately $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments in the 4th quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments in the 1st quarter valued at approximately $34,000. Finally, Park Square Financial Group LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at approximately $41,000. 84.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TXN. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Arete started coverage on shares of Texas Instruments in a research note on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price objective on the stock. Robert W. Baird increased their price target on Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $209.20.

Texas Instruments Price Performance

TXN traded down $0.90 during trading on Thursday, hitting $185.35. 3,797,869 shares of the company traded hands, compared to its average volume of 7,352,967. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a market cap of $168.38 billion, a PE ratio of 33.97, a P/E/G ratio of 3.50 and a beta of 1.03. The stock's 50-day simple moving average is $200.41 and its two-hundred day simple moving average is $185.61. 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 (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 29.90%. The business's revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.94%. Texas Instruments's dividend payout ratio 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.