Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by South Dakota Investment Council

South Dakota Investment Council boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 109,451 shares of the semiconductor company’s stock after purchasing an additional 14,101 shares during the quarter. South Dakota Investment Council’s holdings in Texas Instruments were worth $18,657,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after acquiring an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Texas Instruments by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after purchasing an additional 839,964 shares in the last quarter. Morgan Stanley grew its stake in shares of Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. Northern Trust Corp increased its holdings in shares of Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after purchasing an additional 315,302 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TXN. TD Cowen lifted their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. KeyCorp lifted their price target on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Morgan Stanley increased their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, Barclays decreased their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus target price of $176.68.

Texas Instruments Price Performance

Shares of TXN stock traded up $2.04 during trading hours on Tuesday, reaching $165.47. The company had a trading volume of 6,796,507 shares, compared to its average volume of 5,560,620. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The company has a market capitalization of $150.59 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.44 and a beta of 1.04. The stock has a fifty day moving average of $168.32 and a 200-day moving average of $161.90.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the business earned $2.13 EPS. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

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.