Nomura Asset Management Co. Ltd. Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Nomura Asset Management Co. Ltd. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 643,034 shares of the semiconductor company's stock after purchasing an additional 31,382 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.07% of Texas Instruments worth $132,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at about $28,000. Tsfg LLC raised its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Texas Instruments in the third quarter valued at approximately $39,000. FSA Wealth Management LLC purchased a new stake in Texas Instruments in the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $43,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of TXN stock traded up $0.35 during trading hours on Monday, reaching $193.45. The company had a trading volume of 3,880,269 shares, compared to its average volume of 5,551,658. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market capitalization of $176.47 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 4.22 and a beta of 0.97. The stock has a fifty day moving average of $203.02 and a 200-day moving average of $200.80.

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, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same period in the prior year, the business earned $1.80 EPS. The firm's quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.81%. Texas Instruments's payout ratio is 101.12%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. Robert W. Baird lowered their target price on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Evercore ISI lifted their price target on Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company initiated coverage on Texas Instruments in a research report on Friday, November 22nd. They set an "equal weight" rating and a $215.00 price target on the stock. Finally, Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $210.05.

Insider Buying and Selling at Texas Instruments

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

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.