New York State Common Retirement Fund Has $257.82 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

New York State Common Retirement Fund lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,248,085 shares of the semiconductor company’s stock after selling 122,245 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of Texas Instruments worth $257,817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TXN. Capital Research Global Investors grew its stake in shares of Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Texas Instruments by 454.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after buying an additional 1,029,741 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after buying an additional 609,905 shares during the period. Vanguard Group Inc. increased its stake in shares of Texas Instruments by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after acquiring an additional 536,206 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Texas Instruments by 234.1% in the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock valued at $144,423,000 after acquiring an additional 520,073 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $1.69 during mid-day trading on Friday, hitting $204.85. The stock had a trading volume of 259,008 shares, compared to its average volume of 5,470,500. Texas Instruments Incorporated has a twelve month low of $143.08 and a twelve month high of $214.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock has a market cap of $186.87 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.55 and a beta of 0.98. The company’s 50 day simple moving average is $203.91 and its 200 day simple moving average is $196.36.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm posted $1.80 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.66%. Texas Instruments’s dividend payout ratio is presently 96.65%.

Insider Transactions at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Truist Financial lowered their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus boosted 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. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $206.95.

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.