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

New York State Common Retirement Fund decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.9% in the 3rd quarter, HoldingsChannel reports. The firm 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’s holdings in Texas Instruments were worth $257,817,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tsfg LLC increased its stake in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in Texas Instruments during the third quarter worth about $43,000. Friedenthal Financial bought a new position in shares of Texas Instruments in the second quarter worth about $50,000. Baldwin Brothers LLC MA lifted its holdings in shares of Texas Instruments by 121.3% in the second quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 165 shares during the last quarter. Finally, Key Financial Inc boosted its stake in shares of Texas Instruments by 46.9% in the 2nd quarter. Key Financial Inc now owns 313 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 100 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on TXN. Evercore ISI increased their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Truist Financial cut their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $206.95.

Texas Instruments Trading Up 0.8 %

NASDAQ TXN traded up $1.69 during mid-day trading on Friday, reaching $204.85. 259,008 shares of the stock were exchanged, compared to its average volume of 5,470,500. The stock has a market cap of $186.87 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.55 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a one year low of $143.08 and a one year high of $214.66. The stock has a 50 day simple moving average of $203.91 and a 200-day simple moving average of $196.36.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $1.80 EPS. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid 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 yield of 2.66%. Texas Instruments’s payout ratio is 96.65%.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on 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 completion of the sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Shanon J. Leonard sold 2,816 shares of the 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 transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’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 completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock worth $5,341,235. Corporate 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.