Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 31.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,479 shares of the semiconductor company's stock after selling 12,283 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Texas Instruments were worth $4,758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Guyasuta Investment Advisors Inc. increased its position in Texas Instruments by 2.1% during the 1st quarter. Guyasuta Investment Advisors Inc. now owns 141,980 shares of the semiconductor company's stock worth $25,514,000 after purchasing an additional 2,854 shares during the period. Moisand Fitzgerald Tamayo LLC increased its position in Texas Instruments by 23.4% during the 1st quarter. Moisand Fitzgerald Tamayo LLC now owns 2,607 shares of the semiconductor company's stock worth $468,000 after purchasing an additional 495 shares during the period. Absher Wealth Management LLC increased its position in Texas Instruments by 4.2% during the 1st quarter. Absher Wealth Management LLC now owns 3,598 shares of the semiconductor company's stock worth $647,000 after purchasing an additional 145 shares during the period. Matrix Asset Advisors Inc. NY increased its position in Texas Instruments by 8.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 94,988 shares of the semiconductor company's stock worth $17,069,000 after purchasing an additional 7,533 shares during the period. Finally, Cullinan Associates Inc. increased its position in Texas Instruments by 1.6% during the 1st quarter. Cullinan Associates Inc. now owns 90,759 shares of the semiconductor company's stock worth $16,309,000 after purchasing an additional 1,469 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Down 0.1%

Shares of TXN opened at $198.20 on Friday. The stock's 50-day moving average is $176.97 and its two-hundred day moving average is $182.00. The stock has a market cap of $180.06 billion, a PE ratio of 37.61, a P/E/G ratio of 3.23 and a beta of 1.00. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data 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 company 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 28.75% and a net margin of 30.36%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Benchmark dropped their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Citigroup upped their price target on Texas Instruments from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Monday, June 9th. UBS Group lowered their price target on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $190.55.

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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