Ninety One North America Inc. Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Ninety One North America Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 28.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,656 shares of the semiconductor company’s stock after purchasing an additional 10,114 shares during the period. Ninety One North America Inc.’s holdings in Texas Instruments were worth $7,783,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 458,853 shares during the period. State Street Corp boosted its holdings in shares of Texas Instruments by 1.9% during the first quarter. State Street Corp now owns 37,818,973 shares of the semiconductor company’s stock worth $7,034,694,000 after purchasing an additional 721,775 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Texas Instruments by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after buying an additional 839,964 shares in the last quarter. Morgan Stanley lifted its holdings in Texas Instruments by 54.4% in the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after buying an additional 5,191,426 shares during the period. Finally, Northern Trust Corp lifted its holdings in Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after buying an additional 315,302 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on TXN shares. Barclays lowered their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Cantor Fitzgerald lifted their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, April 8th. KeyCorp boosted their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Morgan Stanley boosted their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $190.00 price objective on shares of Texas Instruments in a report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $176.68.

Texas Instruments Stock Performance

Shares of TXN stock traded down $1.88 during mid-day trading on Thursday, reaching $163.82. 2,236,191 shares of the company’s stock traded hands, compared to its average volume of 5,427,296. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The firm has a 50 day moving average price of $168.09 and a two-hundred day moving average price of $161.71. 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 $149.09 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04.

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

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.68% of the company’s stock.

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.