Strs Ohio Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Strs Ohio lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 753,661 shares of the semiconductor company’s stock after selling 43,959 shares during the period. Strs Ohio owned approximately 0.08% of Texas Instruments worth $96,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Delta Asset Management LLC TN lifted its holdings in Texas Instruments by 890.9% during the 3rd quarter. Delta Asset Management LLC TN now owns 218 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 196 shares in the last quarter. Lenox Wealth Management Inc. grew its stake in Texas Instruments by 766.7% in the 3rd quarter. Lenox Wealth Management Inc. now owns 260 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 230 shares in the last quarter. Gradient Investments LLC increased its position in shares of Texas Instruments by 616.2% during the fourth quarter. Gradient Investments LLC now owns 265 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 228 shares during the period. Financial Advantage Inc. purchased a new position in shares of Texas Instruments during the third quarter worth approximately $34,000. Finally, Garrett Wealth Advisory Group LLC purchased a new position in shares of Texas Instruments during the third quarter worth approximately $48,000. 85.03% of the stock is owned by institutional investors and hedge funds.

TXN stock traded down $4.04 during midday trading on Friday, hitting $130.21. 422,859 shares of the stock traded hands, compared to its average volume of 4,013,755. The stock’s fifty day simple moving average is $128.12 and its 200-day simple moving average is $124.31. The firm has a market cap of $124.64 billion, a P/E ratio of 24.96, a PEG ratio of 2.64 and a beta of 1.21. Texas Instruments Incorporated has a 1-year low of $97.80 and a 1-year high of $135.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.34 and a quick ratio of 3.32.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, January 22nd. The semiconductor company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.10. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.21 billion. Texas Instruments had a return on equity of 56.61% and a net margin of 34.83%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 4.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 68.70%.

A number of analysts recently issued reports on TXN shares. Bank of America lowered their price target on Texas Instruments from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird raised their price objective on Texas Instruments from $105.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday. Goldman Sachs Group reaffirmed a “neutral” rating and set a $111.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Nomura upped their target price on Texas Instruments from $106.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Mizuho increased their price target on Texas Instruments from $113.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.41.

In related news, VP Ahmad Bahai sold 1,550 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.99, for a total value of $182,884.50. Following the completion of the sale, the vice president now owns 25,354 shares of the company’s stock, valued at $2,991,518.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Hagop H. Kozanian sold 5,383 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $119.51, for a total transaction of $643,322.33. Following the completion of the sale, the vice president now directly owns 41,839 shares of the company’s stock, valued at approximately $5,000,178.89. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

Further Reading: S&P/TSX Index

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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