Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 133,830 shares of the semiconductor company’s stock after acquiring an additional 6,832 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Texas Instruments were worth $22,813,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Fairfield Bush & CO. bought a new position in Texas Instruments during the first quarter valued at approximately $56,000. Mirae Asset Global Investments Co. Ltd. grew its position in Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after purchasing an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Texas Instruments by 7.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after purchasing an additional 413 shares in the last quarter. Wsfs Capital Management LLC bought a new position in shares of Texas Instruments during the 1st quarter worth about $337,000. Finally, Bridgefront Capital LLC bought a new position in Texas Instruments during the first quarter worth about $315,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. Barclays dropped their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Susquehanna lowered their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, KeyCorp lifted their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $176.68.

Texas Instruments Price Performance

NASDAQ:TXN opened at $162.58 on Thursday. The stock has a market capitalization of $147.96 billion, a PE ratio of 23.47, a P/E/G ratio of 3.61 and a beta of 1.04. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The firm has a fifty day simple moving average of $168.09 and a 200 day simple moving average of $161.71. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $4.08 billion during 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 company’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.13 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

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.