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 - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 641,220 shares of the semiconductor company's stock after selling 1,814 shares during the period. Nomura Asset Management Co. Ltd. owned 0.07% of Texas Instruments worth $120,235,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Promus Capital LLC bought a new stake in Texas Instruments in the 4th quarter valued at about $25,000. Financial Life Planners acquired a new stake in Texas Instruments in the 4th quarter valued at approximately $26,000. Retirement Wealth Solutions LLC acquired a new stake in Texas Instruments in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $28,000. Finally, Atala Financial Inc acquired a new stake in Texas Instruments in the fourth quarter worth approximately $37,000. 84.99% of the stock is owned by institutional investors.

Insider Transactions at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments 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 transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on 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 sale, the chairman now owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by corporate insiders.

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Texas Instruments Stock Down 1.9 %

NASDAQ:TXN traded down $3.40 during mid-day trading on Tuesday, reaching $176.30. The stock had a trading volume of 1,909,189 shares, compared to its average volume of 5,707,745. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market cap of $160.42 billion, a P/E ratio of 34.11, a PEG ratio of 3.30 and a beta of 0.98. The business's 50 day moving average is $186.20 and its 200 day moving average is $194.51. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates 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 posted $1.49 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.09%. Texas Instruments's dividend payout ratio is currently 104.82%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company cut 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. Truist Financial decreased their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Finally, Benchmark restated a "buy" rating and set a $230.00 price objective 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 given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $209.20.

Texas Instruments 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.