Nicholas Company Inc. Has $62.66 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Nicholas Company Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 334,171 shares of the semiconductor company's stock after selling 41,214 shares during the period. Nicholas Company Inc.'s holdings in Texas Instruments were worth $62,660,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TXN. Howard Capital Management Group LLC acquired a new position in Texas Instruments during the third quarter worth approximately $202,000. GSA Capital Partners LLP bought a new position in shares of Texas Instruments during the 3rd quarter worth approximately $872,000. Zions Bancorporation N.A. increased its holdings in shares of Texas Instruments by 55.5% during the 3rd quarter. Zions Bancorporation N.A. now owns 1,810 shares of the semiconductor company's stock worth $374,000 after acquiring an additional 646 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in Texas Instruments by 3.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,777 shares of the semiconductor company's stock valued at $3,259,000 after acquiring an additional 524 shares during the period. Finally, KCM Investment Advisors LLC lifted its holdings in Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock valued at $738,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays decreased their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Mizuho lowered their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Benchmark restated a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $209.20.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $1.06 on Thursday, reaching $180.68. 4,977,651 shares of the stock were exchanged, compared to its average volume of 5,324,340. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market cap of $164.40 billion, a PE ratio of 34.81, a P/E/G ratio of 3.30 and a beta of 0.97. The firm's 50 day moving average is $187.91 and its 200-day moving average is $195.72. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the company earned $1.49 earnings per share. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares of the company's stock, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 over the last 90 days. Insiders own 0.57% of the company's stock.

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.