Arizona State Retirement System Increases Stake in Texas Instruments Incorporated

The Arizona State Retirement System has increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% during the fourth quarter, according to a recent filing with the Securities and Exchange Commission. After acquiring an additional 3,764 shares, the Arizona State Retirement System now owns 264,608 shares of the semiconductor company’s stock, which is valued at approximately $49,617,000 as of the end of the fourth quarter.

Several other institutional investors and hedge funds have also adjusted their positions in Texas Instruments. Notably, Assenagon Asset Management S.A. made significant changes, increasing its stake by an impressive 948.4%, now owning 4,794,646 shares worth $899,044,000 after adding 4,337,295 shares in the last quarter. Similarly, Charles Schwab Investment Management Inc. increased its holdings by 11.6% during the same period, owning 21,487,468 shares valued at $4,029,115,000 after acquiring an additional 2,237,035 shares.

Van ECK Associates Corp boosted its holdings in Texas Instruments by 21.8%, now possessing 7,513,870 shares worth $1,408,925,000 after adding 1,345,629 shares. Proficio Capital Partners LLC witnessed a significant growth in its position, up by 31,596%, now holding 718,865 shares worth $134,794,000 after acquiring an additional 716,597 shares. Lastly, Geode Capital Management LLC increased its holdings by 2.3% in the previous quarter, now owning 21,286,790 shares valued at $4,382,936,000.

Stock Performance Overview

As of Wednesday, Texas Instruments shares opened at $194.84. The company has maintained a debt-to-equity ratio of 0.76, a current ratio of 4.12, and a quick ratio of 2.88. Over the past year, the stock has recorded a low of $159.11 and a high of $220.38. With a market capitalization of $177.37 billion, Texas Instruments has a P/E ratio of 37.54, a P/E/G ratio of 3.30, and a beta value of 0.97. The stock's 50-day moving average stands at $189.62, while the 200-day moving average is $197.60.

Earnings Report and Dividend Announcement

Texas Instruments released its earnings results on January 23rd, reporting an EPS of $1.30 for the quarter, surpassing analysts' expectations of $1.20 by $0.10. The company achieved a return on equity of 28.08% and a net margin of 30.68%. In comparison, during the same period last year, the company reported an EPS of $1.49. Analysts predict that Texas Instruments will post earnings of 5.35 per share for the current fiscal year. Additionally, the company has announced a quarterly dividend of $1.36 per share, with a total annual dividend of $5.44, providing a yield of 2.79%.

Analyst Opinions

Analysts have varied views on Texas Instruments stock. Barclays recently lowered its target price from $200.00 to $180.00, maintaining an "equal weight" rating. In contrast, Cantor Fitzgerald reiterated a "neutral" rating with a $200.00 target price. Rosenblatt Securities maintained a "buy" rating with a price target of $250.00, while Mizuho adjusted its target from $200.00 to $190.00. In total, the stock has received two sell ratings, twelve hold ratings, and eight buy ratings, leading to an average rating of "Hold" with a consensus price target set at $209.20.

Insider Trades

On the insider trading front, Director Mark A. Blinn sold 590 shares on February 4th at an average price of $180.71, totaling $106,618.90. Post-transaction, he owns 11,717 shares valued at about $2,117,379.07, marking a 4.79% decrease in his position. Similarly, Director Janet F. Clark sold 6,065 shares on February 24th at an average price of $203.62, bringing in about $1,234,955.30. After this trade, she retained 10,816 shares valued at approximately $2,202,353.92, indicating a substantial drop of 35.93% in her ownership. In the last quarter, insiders have sold 297,655 shares valued at $59,841,304, with corporate insiders currently holding 0.68% of the stock.

Company Overview

Texas Instruments Incorporated designs, manufactures, and sells semiconductors. The company serves electronics designers and manufacturers across the United States and globally. Texas Instruments operates through two main segments: Analog and Embedded Processing. The Analog segment offers various power products to address the power needs of various voltage levels.

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