Kentucky Retirement Systems Insurance Trust Fund Acquires 11,729 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 43.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,762 shares of the semiconductor company’s stock after acquiring an additional 11,729 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Texas Instruments were worth $7,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howard Capital Management Group LLC bought a new position in Texas Instruments in the third quarter valued at approximately $202,000. Revolve Wealth Partners LLC acquired a new stake in Texas Instruments in the third quarter valued at $210,000. Vest Financial LLC grew its position in shares of Texas Instruments by 67.2% in the 3rd quarter. Vest Financial LLC now owns 16,944 shares of the semiconductor company’s stock valued at $3,500,000 after acquiring an additional 6,813 shares during the period. McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $43,000. Finally, Brown Lisle Cummings Inc. raised its holdings in shares of Texas Instruments by 4.6% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 16,006 shares of the semiconductor company’s stock valued at $3,306,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents 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.

Texas Instruments Stock Up 1.2 %

Shares of NASDAQ:TXN opened at $183.03 on Tuesday. The firm has a market cap of $166.96 billion, a P/E ratio of 35.27, a PEG ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a 52-week low of $158.90 and a 52-week high of $220.38. The business’s 50 day simple moving average is $188.18 and its two-hundred day simple moving average is $197.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly 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 quarter last year, the firm posted $1.49 earnings per share. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.38 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TXN. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays cut their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Susquehanna lowered their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $209.20.

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.