Public Employees Retirement Association of Colorado Sells 2,569 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Public Employees Retirement Association of Colorado lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 630,493 shares of the semiconductor company’s stock after selling 2,569 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.07% of Texas Instruments worth $122,650,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TXN. Richardson Financial Services Inc. acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Westend Capital Management LLC acquired a new position in Texas Instruments in the first quarter valued at approximately $31,000. Norwood Financial Corp acquired a new position in Texas Instruments in the first quarter valued at approximately $32,000. Finally, Fortis Group Advisors LLC lifted its holdings in Texas Instruments by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 98 shares during the period. 84.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TXN. Morgan Stanley increased their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Jefferies Financial Group raised their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, Truist Financial cut their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $204.67.

Insider Activity at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by insiders.

Texas Instruments Price Performance

TXN stock opened at $207.60 on Friday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The firm has a market cap of $189.55 billion, a P/E ratio of 32.39, a P/E/G ratio of 4.31 and a beta of 0.99. The company’s 50-day moving average price is $200.75 and its two-hundred day moving average price is $189.63.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 EPS. On average, analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.