Texas Instruments Incorporated (TXN) Stake Raised by South Dakota Investment Council

South Dakota Investment Council boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.5% during the first quarter, HoldingsChannel reports. The firm owned 145,323 shares of the semiconductor company’s stock after acquiring an additional 10,098 shares during the period. South Dakota Investment Council’s holdings in Texas Instruments were worth $15,414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. California Public Employees Retirement System grew its position in Texas Instruments by 4.9% during the first quarter. California Public Employees Retirement System now owns 2,870,572 shares of the semiconductor company’s stock valued at $304,482,000 after purchasing an additional 134,604 shares in the last quarter. Palladium Partners LLC grew its position in Texas Instruments by 7.9% in the first quarter. Palladium Partners LLC now owns 78,175 shares of the semiconductor company’s stock worth $8,292,000 after acquiring an additional 5,715 shares in the last quarter. Jones Financial Companies Lllp grew its position in Texas Instruments by 8.0% in the first quarter. Jones Financial Companies Lllp now owns 3,691 shares of the semiconductor company’s stock worth $391,000 after acquiring an additional 273 shares in the last quarter. Groesbeck Investment Management Corp NJ grew its position in Texas Instruments by 10.2% in the first quarter. Groesbeck Investment Management Corp NJ now owns 11,464 shares of the semiconductor company’s stock worth $1,216,000 after acquiring an additional 1,064 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC grew its position in Texas Instruments by 0.4% in the first quarter. Hamilton Point Investment Advisors LLC now owns 35,623 shares of the semiconductor company’s stock worth $3,779,000 after acquiring an additional 145 shares in the last quarter. 86.77% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on TXN. JPMorgan Chase & Co. reissued a “buy” rating and issued a $130.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Deutsche Bank boosted their target price on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. UBS Group reissued a “sell” rating and issued a $90.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. ValuEngine downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $124.00 target price on shares of Texas Instruments in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $111.18.

In related news, Chairman Richard K. Templeton sold 475,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the completion of the transaction, the chairman now directly owns 930,287 shares in the company, valued at approximately $109,197,088.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ahmad Bahai sold 5,165 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $107.30, for a total transaction of $554,204.50. Following the transaction, the vice president now owns 41,911 shares of the company’s stock, valued at $4,497,050.30. The disclosure for this sale can be found here. Insiders sold 948,656 shares of company stock valued at $110,460,121 over the last 90 days. 0.89% of the stock is owned by corporate insiders.

Shares of Texas Instruments stock traded up $1.72 on Tuesday, reaching $108.83. The stock had a trading volume of 109,695 shares, compared to its average volume of 5,574,007. The company has a current ratio of 3.68, a quick ratio of 2.70 and a debt-to-equity ratio of 0.59. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $119.32. The stock has a market capitalization of $105.22 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.15 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the company earned $1.35 earnings per share. Texas Instruments’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, May 3rd. Texas Instruments’s payout ratio is 56.83%.

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About Texas Instruments

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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