National Pension Service Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

National Pension Service raised its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,532,198 shares of the semiconductor company's stock after buying an additional 30,117 shares during the quarter. National Pension Service owned 0.17% of Texas Instruments worth $261,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company's stock worth $14,129,979,000 after acquiring an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Texas Instruments by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company's stock valued at $3,398,637,000 after purchasing an additional 1,154,513 shares in the last quarter. Morgan Stanley grew its position in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company's stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. Northern Trust Corp increased its stake in Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company's stock worth $1,764,284,000 after purchasing an additional 315,302 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company's stock worth $1,028,846,000 after buying an additional 1,502,989 shares during the period. Institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a "hold" rating in a research report on Wednesday, April 24th. UBS Group raised Texas Instruments from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. The Goldman Sachs Group lifted their target price on Texas Instruments from $137.00 to $157.00 and gave the company a "sell" rating in a research report on Wednesday, April 24th. Truist Financial upped their price target on Texas Instruments from $165.00 to $167.00 and gave the stock a "hold" rating in a research report on Wednesday, April 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average target price of $180.74.

Texas Instruments Stock Performance

Texas Instruments stock traded up $1.37 during mid-day trading on Thursday, hitting $185.32. 5,843,160 shares of the company's stock traded hands, compared to its average volume of 5,653,791. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market cap of $168.73 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 3.81 and a beta of 1.01. The firm has a 50 day simple moving average of $171.80 and a two-hundred day simple moving average of $163.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments's quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.81%. Texas Instruments's payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Richard K. Templeton sold 104,000 shares of the company's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock worth $58,427,984 in the last ninety days. 0.68% of the stock is owned by company insiders.

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.