Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System reduced its stake in Texas Instruments by 13.2%, owning 42,566 shares valued at $7,649,000 after selling 6,488 shares recently.
• In the latest earnings report, Texas Instruments beat estimates with an EPS of $1.41 and reported revenue of $4.45 billion, significantly surpassing expectations.
• The company declared a quarterly dividend of $1.36 per share, with a dividend yield of 2.9% and a payout ratio of 99.63%.

Maryland State Retirement & Pension System reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,566 shares of the semiconductor company's stock after selling 6,488 shares during the period. Maryland State Retirement & Pension System's holdings in Texas Instruments were worth $7,649,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC increased its holdings in Texas Instruments by 10.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company's stock valued at $11,462,000 after purchasing an additional 6,267 shares in the last quarter. Gries Financial LLC purchased a new position in Texas Instruments in the first quarter valued at about $243,000. Brighton Jones LLC grew its stake in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after purchasing an additional 4,218 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its holdings in Texas Instruments by 7.4% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after purchasing an additional 165 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Texas Instruments by 2.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock valued at $89,050,000 after purchasing an additional 11,057 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of research analyst reports. Cowen restated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. DZ Bank reissued a "sell" rating and issued a $158.00 target price on shares of Texas Instruments in a research report on Wednesday, July 23rd. Benchmark upped their target price on shares of Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Trading Up 0.3%

NASDAQ TXN opened at $185.91 on Thursday. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The stock has a market cap of $169.02 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 3.04 and a beta of 1.03. The firm's 50 day moving average price is $200.77 and its two-hundred day moving average price is $185.18.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the previous year, the company posted $1.17 EPS. Texas Instruments's revenue was up 16.4% on a year-over-year basis. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business 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 dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, July 31st. Texas Instruments's payout ratio is currently 99.63%.

Texas Instruments Company 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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