Teachers Retirement System of The State of Kentucky Sells 13,754 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Teachers Retirement System of The State of Kentucky trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 10.3% during the 1st quarter, HoldingsChannel reports. The fund owned 119,754 shares of the semiconductor company’s stock after selling 13,754 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Texas Instruments were worth $20,862,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments during the fourth quarter valued at $25,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the fourth quarter valued at $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Texas Instruments during the fourth quarter valued at $31,000. Finally, Westend Capital Management LLC purchased a new stake in Texas Instruments during the first quarter valued at $31,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 3.0 %

Shares of Texas Instruments stock traded down $5.87 during trading hours on Friday, reaching $187.46. 8,050,367 shares of the company were exchanged, compared to its average volume of 5,589,131. The firm has a market cap of $171.16 billion, a PE ratio of 29.24, a PEG ratio of 4.21 and a beta of 0.99. The stock’s fifty day moving average is $197.84 and its 200 day moving average is $180.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $210.84.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the company posted $1.87 earnings per share. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.77%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TXN shares. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. The Goldman Sachs Group upped their price objective on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, Truist Financial upped their price objective on Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $198.64.

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.