Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Nexus Investment Management ULC

Nexus Investment Management ULC raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,665 shares of the semiconductor company's stock after purchasing an additional 3,190 shares during the period. Texas Instruments accounts for 1.9% of Nexus Investment Management ULC's investment portfolio, making the stock its 25th largest holding. Nexus Investment Management ULC's holdings in Texas Instruments were worth $18,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Texas Instruments by 948.4% in the fourth 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. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Texas Instruments by 454.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock valued at $244,386,000 after purchasing an additional 1,029,741 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company's stock valued at $3,976,562,000 after purchasing an additional 782,053 shares during the period. International Assets Investment Management LLC grew its stake in Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company's stock worth $126,718,000 after buying an additional 609,905 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock valued at $4,382,936,000 after buying an additional 487,892 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of research reports. Susquehanna lowered their target price on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Barclays reduced their price objective on Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 23rd. Finally, Evercore ISI upped their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average price target of $209.71.

Texas Instruments Trading Up 2.7 %

Shares of TXN traded up $5.05 during mid-day trading on Friday, hitting $192.42. The company had a trading volume of 5,388,038 shares, compared to its average volume of 4,167,320. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The stock has a market cap of $175.53 billion, a PE ratio of 35.77, a P/E/G ratio of 3.69 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The business's 50-day simple moving average is $194.79 and its 200-day simple moving average is $199.65.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

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.