Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,608 shares of the semiconductor company’s stock after selling 5,003 shares during the quarter. Kentucky Retirement Systems’ holdings in Texas Instruments were worth $13,140,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TXN. Northcape Wealth Management LLC raised its stake in Texas Instruments by 0.8% during the third quarter. Northcape Wealth Management LLC now owns 10,876 shares of the semiconductor company’s stock valued at $2,247,000 after buying an additional 86 shares in the last quarter. KCM Investment Advisors LLC raised its position in shares of Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after acquiring an additional 50 shares in the last quarter. Empowered Funds LLC boosted its holdings in Texas Instruments by 76.2% in the third quarter. Empowered Funds LLC now owns 84,898 shares of the semiconductor company’s stock worth $17,537,000 after purchasing an additional 36,710 shares during the period. Empirical Finance LLC increased its stake in Texas Instruments by 2.2% during the third quarter. Empirical Finance LLC now owns 31,432 shares of the semiconductor company’s stock valued at $6,493,000 after purchasing an additional 663 shares during the last quarter. Finally, First Business Financial Services Inc. raised its holdings in shares of Texas Instruments by 5.0% during the third quarter. First Business Financial Services Inc. now owns 12,156 shares of the semiconductor company’s stock worth $2,511,000 after purchasing an additional 578 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 2.4 %

Shares of NASDAQ:TXN opened at $201.12 on Friday. The company’s 50-day moving average price is $204.39 and its two-hundred day moving average price is $199.46. The firm has a market cap of $183.47 billion, a P/E ratio of 37.38, a P/E/G ratio of 4.50 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $150.81 and a 12 month high of $220.38. 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 issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $1.80 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

Analysts Set New Price Targets

Several research analysts have recently commented on TXN shares. KeyCorp lifted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group upped their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $206.95.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. This trade represents a 11.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by corporate 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.