Illinois Municipal Retirement Fund Trims Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Illinois Municipal Retirement Fund lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,564 shares of the semiconductor company’s stock after selling 5,186 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Texas Instruments were worth $7,606,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC acquired a new position in Texas Instruments in the 3rd quarter worth approximately $202,000. Fortitude Family Office LLC boosted its holdings in shares of Texas Instruments by 42.6% in the 3rd quarter. Fortitude Family Office LLC now owns 388 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 116 shares during the last quarter. Valmark Advisers Inc. increased its stake in shares of Texas Instruments by 11.7% in the third quarter. Valmark Advisers Inc. now owns 2,238 shares of the semiconductor company’s stock worth $462,000 after acquiring an additional 235 shares during the period. Fidelis Capital Partners LLC raised its holdings in shares of Texas Instruments by 5.7% during the third quarter. Fidelis Capital Partners LLC now owns 4,355 shares of the semiconductor company’s stock worth $879,000 after purchasing an additional 236 shares during the last quarter. Finally, Deltec Asset Management LLC acquired a new position in Texas Instruments during the third quarter valued at $207,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 0.9 %

NASDAQ TXN opened at $198.24 on Thursday. The business has a fifty day moving average price of $189.17 and a 200 day moving average price of $197.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market cap of $180.46 billion, a P/E ratio of 38.20, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the business earned $1.49 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TXN. Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Barclays lowered their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Mizuho cut their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $209.20.

Insider Activity at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,655 shares of company stock valued at $40,665,374. 0.68% of the stock is currently owned by insiders.

Texas Instruments Company 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.