NZS Capital LLC Sells 54,786 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

NZS Capital LLC lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,500 shares of the semiconductor company's stock after selling 54,786 shares during the quarter. Texas Instruments comprises about 3.4% of NZS Capital LLC's portfolio, making the stock its 6th biggest holding. NZS Capital LLC's holdings in Texas Instruments were worth $79,410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Promus Capital LLC acquired a new stake in Texas Instruments in the 4th quarter valued at about $25,000. Financial Life Planners purchased a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of TXN traded down $1.79 during trading hours on Thursday, reaching $158.26. 6,119,997 shares of the company traded hands, compared to its average volume of 6,197,840. The stock's fifty day moving average is $171.83 and its 200 day moving average is $186.92. The stock has a market cap of $144.00 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be paid a $1.36 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 3.44%. Texas Instruments's payout ratio is currently 103.23%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TXN shares. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a report on Wednesday. Truist Financial decreased their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. TD Securities restated a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. UBS Group lowered their price target on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Stifel Nicolaus lowered their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $189.41.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 over the last quarter. 0.57% of the stock is owned by company insiders.

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.