Retirement Systems of Alabama Sells 16,100 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Retirement Systems of Alabama decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 353,456 shares of the semiconductor company’s stock after selling 16,100 shares during the quarter. Retirement Systems of Alabama’s holdings in Texas Instruments were worth $73,013,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new stake in shares of Texas Instruments in the third quarter worth $10,011,000. Franklin Resources Inc. lifted its stake in shares of Texas Instruments by 0.8% in the third quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company’s stock worth $1,466,003,000 after buying an additional 55,690 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in Texas Instruments by 0.4% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 51,555 shares of the semiconductor company’s stock worth $10,651,000 after acquiring an additional 218 shares during the last quarter. Tidal Investments LLC raised its holdings in Texas Instruments by 11.1% in the 3rd quarter. Tidal Investments LLC now owns 47,083 shares of the semiconductor company’s stock worth $9,726,000 after acquiring an additional 4,690 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in Texas Instruments by 156.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 45,969 shares of the semiconductor company’s stock valued at $9,496,000 after purchasing an additional 28,012 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $189.90 on Friday. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The firm has a market capitalization of $173.23 billion, a P/E ratio of 35.63, a price-to-earnings-growth ratio of 4.19 and a beta of 0.97. The company has a fifty day simple moving average of $202.35 and a two-hundred day simple moving average of $200.61. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the business posted $1.80 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. Analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.86%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is presently 101.12%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TXN shares. Susquehanna decreased their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average target price of $210.05.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

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.