Retirement Systems of Alabama Sells 5,140 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Retirement Systems of Alabama reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,959 shares of the semiconductor company’s stock after selling 5,140 shares during the quarter. Retirement Systems of Alabama’s holdings in Texas Instruments were worth $64,597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AXQ Capital LP increased its holdings in shares of Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of Texas Instruments by 0.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after acquiring an additional 2,397 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Texas Instruments by 2.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after acquiring an additional 177 shares in the last quarter. Finally, Chicago Capital LLC grew its stake in shares of Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after acquiring an additional 8,311 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TXN. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research note on Wednesday. Barclays decreased their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $180.00 price target on shares of Texas Instruments in a research note on Wednesday. Robert W. Baird increased their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Benchmark reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $180.74.

Texas Instruments Price Performance

Shares of TXN stock traded up $2.23 on Friday, reaching $177.48. The company had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. The stock has a market capitalization of $161.59 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.79 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The business’s 50-day moving average is $169.29 and its 200 day moving average is $162.25.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business earned $1.85 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company 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.