Oregon Public Employees Retirement Fund Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Oregon Public Employees Retirement Fund raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,214 shares of the semiconductor company’s stock after purchasing an additional 113 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Texas Instruments were worth $14,666,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in Texas Instruments by 0.9% during the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after acquiring an additional 391,306 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after purchasing an additional 487,892 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after purchasing an additional 782,053 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Texas Instruments by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock worth $1,664,998,000 after buying an additional 36,441 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Texas Instruments by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company’s stock worth $1,605,861,000 after buying an additional 124,712 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 200,655 shares of company stock worth $40,665,374. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Mizuho lowered their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Barclays dropped their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Performance

Shares of TXN stock opened at $199.98 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company’s fifty day moving average price is $188.91 and its two-hundred day moving average price is $197.69. The firm has a market capitalization of $182.05 billion, a P/E ratio of 38.53, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the business earned $1.49 EPS. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

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.