Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Position in Texas Instruments Incorporated (NASDAQ:TXN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,965 shares of the semiconductor company’s stock after selling 4,796 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Texas Instruments were worth $36,370,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $25,000. Financial Life Planners purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $28,000. Finally, Atala Financial Inc purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $37,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated 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 completion of the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction 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 approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company’s stock.

Texas Instruments Stock Up 1.3 %

TXN opened at $181.74 on Thursday. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $187.91 and a 200 day moving average price of $195.72. The company has a market cap of $165.37 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the firm posted $1.49 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.99%. Texas Instruments’s payout ratio is 104.82%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Mizuho lowered their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Truist Financial lowered their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments 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.