Great Lakes Retirement Inc. Takes $425,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Great Lakes Retirement Inc. bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,315 shares of the semiconductor company’s stock, valued at approximately $425,000.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Texas Instruments by 1.4% during the fourth quarter. State Street Corp now owns 40,104,285 shares of the semiconductor company’s stock worth $5,144,979,000 after acquiring an additional 551,966 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Texas Instruments by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,425,237 shares of the semiconductor company’s stock worth $952,584,000 after acquiring an additional 123,774 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its stake in Texas Instruments by 2.9% during the fourth quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,429,000 shares of the semiconductor company’s stock worth $565,450,000 after acquiring an additional 125,000 shares in the last quarter. Sands Capital Management LLC raised its stake in Texas Instruments by 53.2% during the fourth quarter. Sands Capital Management LLC now owns 4,166,673 shares of the semiconductor company’s stock worth $534,542,000 after acquiring an additional 1,447,749 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Texas Instruments by 1.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,876,810 shares of the semiconductor company’s stock worth $497,356,000 after acquiring an additional 51,749 shares in the last quarter. 84.92% of the stock is currently owned by hedge funds and other institutional investors.

TXN stock opened at $99.16 on Thursday. The stock’s 50 day simple moving average is $117.40 and its 200 day simple moving average is $123.46. The company has a market cap of $98.40 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 2.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.18 and a current ratio of 4.13. Texas Instruments Incorporated has a fifty-two week low of $93.09 and a fifty-two week high of $135.70.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, January 22nd. The semiconductor company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.10. Texas Instruments had a return on equity of 56.21% and a net margin of 34.83%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period in the prior year, the firm earned $1.27 earnings per share. Texas Instruments’s revenue for the quarter was down 9.9% on a year-over-year basis. Equities analysts predict that Texas Instruments Incorporated will post 4.9 earnings per share for the current year.

In other news, CEO Richard K. Templeton sold 135,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $127.57, for a total transaction of $17,221,950.00. Following the completion of the sale, the chief executive officer now owns 728,738 shares in the company, valued at approximately $92,965,106.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela H. Patsley sold 10,002 shares of Texas Instruments stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $134.29, for a total transaction of $1,343,168.58. Following the completion of the sale, the director now directly owns 30,926 shares in the company, valued at approximately $4,153,052.54. The disclosure for this sale can be found here. Insiders sold a total of 661,503 shares of company stock valued at $84,059,352 over the last three months. 0.73% of the stock is currently owned by insiders.

Several research analysts have commented on the company. Oppenheimer boosted their target price on Texas Instruments from to in a research note on Friday, January 17th. Mizuho upped their target price on Texas Instruments from $113.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Loop Capital restated a “buy” rating and issued a $145.00 price target on shares of Texas Instruments in a research report on Thursday, January 23rd. UBS Group upped their price objective on shares of Texas Instruments from $110.00 to $117.00 and gave the company a “sell” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird increased their price objective on shares of Texas Instruments from $105.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and an average price target of $125.45.

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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