California Public Employees Retirement System Buys 1,502,989 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

California Public Employees Retirement System increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 33.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,035,704 shares of the semiconductor company’s stock after purchasing an additional 1,502,989 shares during the period. Texas Instruments accounts for approximately 0.8% of California Public Employees Retirement System’s investment portfolio, making the stock its 23rd biggest holding. California Public Employees Retirement System’s holdings in Texas Instruments were worth $1,028,846,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TXN. Annapolis Financial Services LLC grew its stake in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in Texas Instruments during the third quarter valued at $25,000. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the fourth quarter valued at $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the fourth quarter valued at $26,000. Finally, Riverview Trust Co boosted its position in Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 66 shares during the last quarter. 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 transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TXN. Morgan Stanley upped their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Barclays cut their price target on shares of 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. Susquehanna cut their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price objective on shares of Texas Instruments in a report on Tuesday, January 23rd. Finally, UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $170.00 to $195.00 in a report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $176.68.

Texas Instruments Stock Up 2.3 %

TXN stock traded up $3.75 during trading on Monday, reaching $163.43. The stock had a trading volume of 5,941,312 shares, compared to its average volume of 5,545,162. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $168.10 and its two-hundred day moving average is $161.78. The company has a market capitalization of $148.73 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 3.44 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, topping 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 business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm posted $2.13 EPS. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. Equities research analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Company 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.