Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by AIA Group Ltd

AIA Group Ltd increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 37.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,481 shares of the semiconductor company’s stock after acquiring an additional 94,978 shares during the period. Texas Instruments comprises 2.4% of AIA Group Ltd’s investment portfolio, making the stock its 5th biggest holding. AIA Group Ltd’s holdings in Texas Instruments were worth $59,402,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after acquiring an additional 458,853 shares in the last quarter. State Street Corp grew its position in Texas Instruments by 1.9% in the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after buying an additional 839,964 shares during the last quarter. Morgan Stanley lifted its position in shares of Texas Instruments by 54.4% during the 4th 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 in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Texas Instruments by 2.9% in the 3rd 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 last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was 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 owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Texas Instruments stock traded down $1.32 during midday trading on Thursday, reaching $164.38. 3,241,221 shares of the stock were exchanged, compared to its average volume of 5,439,993. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. 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 cap of $149.60 billion, a PE ratio of 23.47, a PEG ratio of 3.61 and a beta of 1.04. The company’s fifty day moving average is $168.09 and its 200-day moving average is $161.71.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on TXN shares. Truist Financial decreased their price target on Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Cantor Fitzgerald raised their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Evercore ISI assumed coverage on shares of Texas Instruments in a research report on Tuesday. They issued an “outperform” rating and a $213.00 price objective on the stock. Finally, KeyCorp increased their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Three investment 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, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $176.68.

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.