Nomura Asset Management Co. Ltd. Sells 1,814 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Nomura Asset Management Co. Ltd. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 641,220 shares of the semiconductor company’s stock after selling 1,814 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Texas Instruments were worth $120,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in Texas Instruments in the 4th quarter valued at about $2,584,490,000. Assenagon Asset Management S.A. increased its position in shares of Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after purchasing an additional 4,337,295 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $295,665,000. Finally, Van ECK Associates Corp lifted its position in shares of Texas Instruments by 21.8% during the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock valued at $1,408,925,000 after buying an additional 1,345,629 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $180.76 on Friday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $164.48 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39. The firm’s 50-day moving average price is $186.77 and its two-hundred day moving average price is $194.89.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the company posted $1.49 earnings per share. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TXN. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Barclays cut their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company dropped their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Truist Financial reduced their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $209.20.

Insiders Place Their Bets

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by corporate 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.