New Mexico Educational Retirement Board Has $9.84 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

New Mexico Educational Retirement Board raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.5% in the first quarter, HoldingsChannel reports. The fund owned 53,654 shares of the semiconductor company’s stock after purchasing an additional 6,400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Texas Instruments were worth $9,844,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Chemistry Wealth Management LLC raised its stake in shares of Texas Instruments by 5.2% in the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after buying an additional 62 shares during the period. Field & Main Bank boosted its holdings in Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 65 shares during the period. Guardian Wealth Management Inc. raised its position in Texas Instruments by 0.6% during the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after purchasing an additional 65 shares during the last quarter. Buckley Wealth Management LLC raised its position in Texas Instruments by 1.1% during the 1st quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after purchasing an additional 65 shares during the last quarter. Finally, Howard Financial Services LTD. raised its position in Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho upped their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Jefferies Financial Group downgraded Texas Instruments from a “buy” rating to a “hold” rating and cut their target price for the company from $200.00 to $175.00 in a research note on Monday, May 13th. Wells Fargo & Company initiated coverage on Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price on the stock. Citigroup raised their price target on Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Benchmark raised their price target on Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, June 21st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $183.43.

Insider Buying and Selling

In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total transaction of $18,286,320.00. Following the completion of the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $71,009,121.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 in the last 90 days. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $1.10 during trading hours on Friday, hitting $194.53. 8,860,990 shares of the company traded hands, compared to its average volume of 4,647,702. The stock has a market capitalization of $177.12 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 4.21 and a beta of 1.00. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $206.00. The firm has a 50-day moving average of $190.26 and a 200 day moving average of $175.28. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the company posted $1.85 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Tuesday, May 7th. 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.