Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 259,685 shares of the semiconductor company's stock after selling 4,923 shares during the quarter. Arizona State Retirement System's holdings in Texas Instruments were worth $46,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of Texas Instruments by 0.3% during the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 100,326 shares of the semiconductor company's stock worth $18,029,000 after acquiring an additional 260 shares in the last quarter. PYA Waltman Capital LLC raised its holdings in Texas Instruments by 3.8% in the 1st quarter. PYA Waltman Capital LLC now owns 16,776 shares of the semiconductor company's stock valued at $3,015,000 after acquiring an additional 614 shares during the last quarter. Xponance Inc. increased its holdings in shares of Texas Instruments by 1.8% during the 1st quarter. Xponance Inc. now owns 138,157 shares of the semiconductor company's stock worth $24,827,000 after buying an additional 2,470 shares during the last quarter. Kesler Norman & Wride LLC increased its holdings in shares of Texas Instruments by 3.2% during the 1st quarter. Kesler Norman & Wride LLC now owns 34,870 shares of the semiconductor company's stock worth $6,267,000 after buying an additional 1,082 shares during the last quarter. Finally, Country Club Bank increased its holdings in shares of Texas Instruments by 0.8% during the 1st quarter. Country Club Bank now owns 8,348 shares of the semiconductor company's stock worth $1,472,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TXN. Arete assumed coverage on Texas Instruments in a report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price objective for the company. 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. JPMorgan Chase & Co. reduced their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. 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, Rosenblatt Securities reissued a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments has an average rating of "Hold" and a consensus price target of $202.08.

Texas Instruments Stock Up 0.7%

Shares of Texas Instruments stock opened at $221.25 on Friday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The stock has a market capitalization of $201.00 billion, a P/E ratio of 41.98, a PEG ratio of 3.58 and a beta of 1.03. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $194.11 and a two-hundred day moving average price of $184.31.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.10 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.46%. Texas Instruments's dividend payout ratio (DPR) is presently 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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