AIA Group Ltd Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

AIA Group Ltd increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 37.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 348,481 shares of the semiconductor company’s stock after buying an additional 94,978 shares during the period. Texas Instruments accounts for approximately 2.4% of AIA Group Ltd’s holdings, making the stock its 5th biggest position. AIA Group Ltd’s holdings in Texas Instruments were worth $59,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Vanguard Group Inc. grew its position in shares of Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after purchasing an additional 458,853 shares during the last quarter. State Street Corp lifted its position in shares of Texas Instruments by 1.9% during 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 4.7% during 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 purchasing an additional 839,964 shares during the period. Morgan Stanley grew its holdings in Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after buying an additional 5,191,426 shares during the last quarter. Finally, Northern Trust Corp increased its position in 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 period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction 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 in the company, valued at $1,869,126.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $1.32 during mid-day trading on Thursday, reaching $164.38. 3,241,221 shares of the stock were exchanged, compared to its average volume of 5,439,993. The company has a market cap of $149.60 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm has a 50-day simple moving average of $168.09 and a 200 day simple moving average of $161.71.

Texas Instruments (NASDAQ:TXN) last posted its earnings results 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. The company 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%. Texas Instruments’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TXN shares. Mizuho lowered their price objective on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. Morgan Stanley lifted their target price on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Evercore ISI started coverage on Texas Instruments in a report on Tuesday. They issued an “outperform” rating and a $213.00 price target for the company. Finally, Barclays decreased their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Three 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $176.68.

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.