IBM Retirement Fund Sells 1,455 Shares of Texas Instruments Incorporated (TXN)

IBM Retirement Fund cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,596 shares of the semiconductor company’s stock after selling 1,455 shares during the period. IBM Retirement Fund’s holdings in Texas Instruments were worth $1,379,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TXN. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Texas Instruments by 3.4% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,000 shares of the semiconductor company’s stock valued at $284,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont raised its stake in Texas Instruments by 1.0% in the 4th quarter. Trust Co. of Vermont now owns 10,811 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 102 shares during the last quarter. Balasa Dinverno & Foltz LLC raised its stake in Texas Instruments by 1.2% in the 4th quarter. Balasa Dinverno & Foltz LLC now owns 8,851 shares of the semiconductor company’s stock valued at $836,000 after purchasing an additional 103 shares during the last quarter. Wedbush Securities Inc. raised its stake in Texas Instruments by 1.2% in the 4th quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $839,000 after purchasing an additional 105 shares during the last quarter. Finally, Chemical Bank raised its stake in Texas Instruments by 0.5% in the 4th quarter. Chemical Bank now owns 23,265 shares of the semiconductor company’s stock valued at $2,199,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 83.78% of the company’s stock.

Several brokerages recently weighed in on TXN. Zacks Investment Research downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Monday, January 28th. BidaskClub downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. Robert W. Baird reaffirmed a “hold” rating and set a $97.00 price objective on shares of Texas Instruments in a research note on Tuesday, February 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $120.00 price objective on shares of Texas Instruments in a research note on Thursday, January 24th. Finally, Nomura reaffirmed a “neutral” rating and set a $95.00 price objective (down previously from $100.00) on shares of Texas Instruments in a research note on Thursday, January 24th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and an average price target of $108.74.

In other news, insider Hagop H. Kozanian sold 9,061 shares of the business’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $102.60, for a total transaction of $929,658.60. Following the completion of the sale, the insider now owns 40,164 shares in the company, valued at approximately $4,120,826.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 90,842 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $101.14, for a total value of $9,187,759.88. The disclosure for this sale can be found here. Insiders have sold a total of 256,061 shares of company stock valued at $26,536,471 in the last quarter. Company insiders own 0.84% of the company’s stock.

Shares of NASDAQ:TXN opened at $110.74 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38. Texas Instruments Incorporated has a 1 year low of $87.70 and a 1 year high of $118.48. The stock has a market cap of $100.51 billion, a PE ratio of 20.43, a PEG ratio of 2.02 and a beta of 1.18.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.03. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current year.

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Texas Instruments Company Profile

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.

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

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