Public Sector Pension Investment Board Buys 5,100 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Public Sector Pension Investment Board grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 40,108 shares of the semiconductor company’s stock after purchasing an additional 5,100 shares during the period. Public Sector Pension Investment Board’s holdings in Texas Instruments were worth $8,285,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cahill Financial Advisors Inc. grew its holdings in shares of Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after acquiring an additional 49 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in shares of Texas Instruments by 1.4% in the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after acquiring an additional 50 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after acquiring an additional 51 shares in the last quarter. Lansing Street Advisors grew its holdings in shares of Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 51 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its holdings in shares of Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after acquiring an additional 52 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TXN. Barclays reduced their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company assumed coverage on Texas Instruments in a report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Truist Financial reduced their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Finally, Morgan Stanley increased their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $210.05.

Texas Instruments Trading Up 0.9 %

Shares of TXN stock opened at $201.03 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The company has a market capitalization of $183.38 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 4.36 and a beta of 0.99. The business’s fifty day moving average is $204.29 and its 200 day moving average is $200.78.

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

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

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.