Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Private Management Group Inc.

Private Management Group Inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,372 shares of the semiconductor company’s stock after buying an additional 81 shares during the period. Private Management Group Inc.’s holdings in Texas Instruments were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. South Dakota Investment Council increased its position in Texas Instruments by 14.8% during the fourth quarter. South Dakota Investment Council now owns 109,451 shares of the semiconductor company’s stock worth $18,657,000 after purchasing an additional 14,101 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $978,000. Beaumont Asset Management L.L.C. increased its position in Texas Instruments by 6.4% during the fourth quarter. Beaumont Asset Management L.L.C. now owns 2,918 shares of the semiconductor company’s stock worth $497,000 after purchasing an additional 175 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in Texas Instruments by 8.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 9,345 shares of the semiconductor company’s stock worth $1,593,000 after purchasing an additional 762 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Texas Instruments by 33.2% during 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 during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday. Benchmark reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. Mizuho lifted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, KeyCorp lifted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $181.79.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN traded up $9.34 during trading on Wednesday, hitting $174.81. The stock had a trading volume of 13,846,170 shares, compared to its average volume of 5,623,271. 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 firm has a market capitalization of $159.09 billion, a P/E ratio of 24.81, a PEG ratio of 3.52 and a beta of 1.04. The company’s 50-day moving average price is $168.32 and its 200 day moving average price is $161.90. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the company posted $1.85 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal 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.