California Public Employees Retirement System Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

California Public Employees Retirement System grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,637,188 shares of the semiconductor company’s stock after acquiring an additional 544,104 shares during the period. Texas Instruments comprises 0.6% of California Public Employees Retirement System’s investment portfolio, making the stock its 27th biggest position. California Public Employees Retirement System owned approximately 0.51% of Texas Instruments worth $869,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Life Planning Partners Inc bought a new stake in Texas Instruments in the 4th quarter valued at about $5,274,000. RWA Wealth Partners LLC increased its stake in shares of Texas Instruments by 0.9% in the fourth quarter. RWA Wealth Partners LLC now owns 19,751 shares of the semiconductor company’s stock worth $3,703,000 after purchasing an additional 185 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. Schroder Investment Management Group lifted its stake in shares of Texas Instruments by 1.9% during the 4th quarter. Schroder Investment Management Group now owns 3,219,198 shares of the semiconductor company’s stock valued at $603,632,000 after buying an additional 60,655 shares in the last quarter. Finally, American Money Management LLC boosted its holdings in Texas Instruments by 4.0% in the 4th quarter. American Money Management LLC now owns 7,980 shares of the semiconductor company’s stock worth $1,496,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on TXN. Truist Financial cut their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. 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. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $209.20.

Insider Activity at Texas Instruments

In other 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 transaction of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last ninety days. 0.57% of the stock is owned by company insiders.

Texas Instruments Stock Down 2.5 %

Shares of TXN opened at $176.33 on Friday. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a 50 day simple moving average of $186.45 and a two-hundred day simple moving average of $194.68. The firm has a market cap of $160.45 billion, a P/E ratio of 33.97, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business posted $1.49 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.