Oregon Public Employees Retirement Fund Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Oregon Public Employees Retirement Fund lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,214 shares of the semiconductor company’s stock after buying an additional 113 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Texas Instruments were worth $14,666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC grew its stake in shares of Texas Instruments by 3.1% during the fourth quarter. Checchi Capital Advisers LLC now owns 11,014 shares of the semiconductor company’s stock worth $2,065,000 after purchasing an additional 332 shares in the last quarter. Bryn Mawr Capital Management LLC raised its stake in Texas Instruments by 1.3% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 9,831 shares of the semiconductor company’s stock valued at $1,843,000 after buying an additional 127 shares in the last quarter. National Pension Service lifted its holdings in Texas Instruments by 6.5% during the 4th quarter. National Pension Service now owns 1,913,902 shares of the semiconductor company’s stock worth $358,876,000 after buying an additional 117,542 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in shares of Texas Instruments by 66.8% during the 4th quarter. Lake Street Advisors Group LLC now owns 20,829 shares of the semiconductor company’s stock worth $3,906,000 after acquiring an additional 8,340 shares in the last quarter. Finally, JFG Wealth Management LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $317,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN opened at $199.98 on Wednesday. The firm has a market capitalization of $182.05 billion, a PE ratio of 38.53, a P/E/G ratio of 3.30 and a beta of 0.97. The stock’s 50 day moving average is $188.91 and its two-hundred day moving average is $197.69. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the firm earned $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,655 shares of company stock worth $40,665,374. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TXN. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Barclays dropped their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $209.20.

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.