Nisa Investment Advisors LLC Has $63.51 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Nisa Investment Advisors LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 353,435 shares of the semiconductor company's stock after selling 33,516 shares during the period. Nisa Investment Advisors LLC's holdings in Texas Instruments were worth $63,512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after acquiring an additional 649,620 shares during the last quarter. Geode Capital Management LLC lifted its position in Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after acquiring an additional 267,352 shares during the last quarter. Norges Bank acquired a new position in Texas Instruments during the 4th quarter worth $2,584,490,000. Alliancebernstein L.P. lifted its position in Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after acquiring an additional 822,797 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 0.7%

Shares of NASDAQ TXN traded up $1.59 during midday trading on Friday, reaching $221.25. 5,394,922 shares of the stock were exchanged, compared to its average volume of 6,463,632. The business has a 50-day simple moving average of $194.11 and a two-hundred day simple moving average of $184.26. The company has a market capitalization of $201.00 billion, a price-to-earnings ratio of 41.98, a P/E/G ratio of 3.60 and a beta of 1.03. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the firm posted $1.10 earnings per share. The business's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.46%. Texas Instruments's payout ratio is 103.23%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Arete Research raised shares of Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Cowen reaffirmed a "hold" rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Mizuho upped their price objective on shares of Texas Instruments from $170.00 to $205.00 and gave the company a "neutral" rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $202.08.

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.