South Dakota Investment Council Buys 14,101 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

South Dakota Investment Council raised its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,451 shares of the semiconductor company's stock after buying an additional 14,101 shares during the period. South Dakota Investment Council's holdings in Texas Instruments were worth $18,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Vanguard Group Inc. raised its stake 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 buying an additional 458,853 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 839,964 shares in the last quarter. Morgan Stanley lifted its stake in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company's stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. Northern Trust Corp boosted its position 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 increased its holdings in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company's stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of research reports. Cantor Fitzgerald raised their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Susquehanna decreased their target price on Texas Instruments from $205.00 to $200.00 and set a "positive" rating for the company in a research report on Wednesday, January 24th. Mizuho cut their price target on Texas Instruments from $170.00 to $164.00 and set a "neutral" rating on the stock in a report on Wednesday, January 24th. KeyCorp boosted their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 24th. Finally, Barclays cut their target price on Texas Instruments from $160.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $176.68.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company's stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Performance

Shares of TXN stock traded up $2.04 during trading on Tuesday, reaching $165.47. 6,796,507 shares of the company's stock traded hands, compared to its average volume of 5,560,620. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a market capitalization of $150.59 billion, a P/E ratio of 23.44, a PEG ratio of 3.44 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm's 50-day moving average is $168.32 and its 200 day moving average is $161.90.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company earned $2.13 EPS. Texas Instruments's revenue for the quarter was down 12.7% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current year.

About Texas Instruments

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.

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