Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after buying an additional 649,620 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 valued at $4,032,599,000 after buying an additional 267,352 shares in the last quarter. Norges Bank purchased a new stake in Texas Instruments in the 4th quarter worth about $2,584,490,000. Alliancebernstein L.P. raised its position in Texas Instruments by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after purchasing an additional 822,797 shares during the period. Finally, Invesco Ltd. raised its position in Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

TXN has been the topic of a number of recent analyst reports. Arete Research raised shares of Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. Cowen reissued a "hold" rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Morgan Stanley reissued an "underweight" rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. 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 report on Thursday, April 24th. Finally, DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective on the stock in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $200.20.

Texas Instruments Stock Up 1.5%

Shares of NASDAQ TXN traded up $3.27 during midday trading on Thursday, reaching $219.66. 3,969,167 shares of the company's stock traded hands, compared to its average volume of 6,453,278. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The stock's 50 day simple moving average is $192.98 and its 200-day simple moving average is $184.11. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.75. The company has a market cap of $199.55 billion, a price-to-earnings ratio of 41.68, a P/E/G ratio of 3.52 and a beta of 1.03.

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

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.48%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

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.