Nisa Investment Advisors LLC Sells 33,516 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Nisa Investment Advisors LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,435 shares of the semiconductor company's stock after selling 33,516 shares during the quarter. Nisa Investment Advisors LLC's holdings in Texas Instruments were worth $63,512,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TXN. Vanguard Group Inc. increased its position in Texas Instruments by 0.7% during the fourth 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 period. Geode Capital Management LLC increased its position in Texas Instruments by 1.3% during the fourth 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 period. Norges Bank bought a new position in Texas Instruments during the fourth quarter worth about $2,584,490,000. Alliancebernstein L.P. grew its stake in Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after buying an additional 822,797 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after buying an additional 1,587,036 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Up 1.8%

NASDAQ:TXN traded up $3.93 during mid-day trading on Thursday, hitting $220.32. 1,869,026 shares of the company's stock were exchanged, compared to its average volume of 6,437,634. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.75. The company has a 50 day simple moving average of $191.75 and a 200-day simple moving average of $183.91. The firm has a market capitalization of $200.15 billion, a P/E ratio of 41.82, a PEG ratio of 3.53 and a beta of 1.03.

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

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.47%. Texas Instruments's payout ratio is 103.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho increased their price objective on shares of Texas Instruments from $170.00 to $205.00 and gave the stock a "neutral" rating in a research note on Tuesday. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Citigroup increased their price objective on shares of Texas Instruments from $220.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday. Truist Financial reduced their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Benchmark reduced their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and a consensus target price of $200.20.

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.