Arizona State Retirement System Buys 3,206 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Arizona State Retirement System lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% in the second quarter, HoldingsChannel.com reports. The fund owned 263,830 shares of the semiconductor company’s stock after acquiring an additional 3,206 shares during the period. Arizona State Retirement System’s holdings in Texas Instruments were worth $51,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Altus Wealth Group LLC purchased a new stake in shares of Texas Instruments during the second quarter valued at approximately $628,000. Columbia Asset Management increased its position in shares of Texas Instruments by 25.5% during the second quarter. Columbia Asset Management now owns 1,723 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 350 shares during the last quarter. Bordeaux Wealth Advisors LLC increased its position in shares of Texas Instruments by 5.1% during the second quarter. Bordeaux Wealth Advisors LLC now owns 1,677 shares of the semiconductor company’s stock valued at $326,000 after acquiring an additional 82 shares during the last quarter. First Business Financial Services Inc. increased its position in shares of Texas Instruments by 6.8% during the second quarter. First Business Financial Services Inc. now owns 11,578 shares of the semiconductor company’s stock valued at $2,252,000 after acquiring an additional 734 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Texas Instruments by 234.1% during the second 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 last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TXN. JPMorgan Chase & Co. raised their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus raised their target price on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Jefferies Financial Group raised their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. KeyCorp raised their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities raised their target price on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $204.67.

Texas Instruments Price Performance

NASDAQ:TXN opened at $201.55 on Friday. The firm has a market capitalization of $183.51 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 4.66 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The stock has a fifty day moving average of $200.44 and a 200 day moving average of $187.14. 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 (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter last year, the company earned $1.87 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company’s stock.

Texas Instruments 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.