Retirement Investment Advisors Inc. Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Retirement Investment Advisors Inc. decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,709 shares of the semiconductor company’s stock after selling 548 shares during the quarter. Texas Instruments comprises 0.1% of Retirement Investment Advisors Inc.’s holdings, making the stock its 27th largest position. Retirement Investment Advisors Inc.’s holdings in Texas Instruments were worth $1,258,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its holdings in shares of Texas Instruments by 13.3% during the 4th quarter. California Public Employees Retirement System now owns 4,637,188 shares of the semiconductor company’s stock worth $869,519,000 after buying an additional 544,104 shares during the last quarter. Life Planning Partners Inc purchased a new position in Texas Instruments in the fourth quarter worth approximately $5,274,000. RWA Wealth Partners LLC increased its stake in Texas Instruments by 0.9% during the fourth quarter. RWA Wealth Partners LLC now owns 19,751 shares of the semiconductor company’s stock worth $3,703,000 after acquiring an additional 185 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Texas Instruments in the fourth quarter valued at $27,000. Finally, Schroder Investment Management Group lifted its stake in shares of Texas Instruments by 1.9% in the 4th quarter. Schroder Investment Management Group now owns 3,219,198 shares of the semiconductor company’s stock valued at $603,632,000 after purchasing an additional 60,655 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXN. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. 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. Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments 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 directly owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $176.33 on Friday. The stock has a market cap of $160.45 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $186.45 and a 200 day moving average price of $194.68.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the firm posted $1.49 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 annualized dividend and a yield of 3.09%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

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.