Nisa Investment Advisors LLC Has $72.56 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Nisa Investment Advisors LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 386,951 shares of the semiconductor company’s stock after selling 1,107 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Texas Instruments were worth $72,557,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TXN. Thrivent Financial for Lutherans boosted its stake in shares of Texas Instruments by 25.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 73,210 shares of the semiconductor company’s stock valued at $14,241,000 after purchasing an additional 14,828 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Texas Instruments by 74.0% in the second quarter. Public Sector Pension Investment Board now owns 35,008 shares of the semiconductor company’s stock valued at $6,810,000 after acquiring an additional 14,888 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in Texas Instruments by 33.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 9,204 shares of the semiconductor company’s stock worth $1,790,000 after acquiring an additional 2,299 shares during the period. Gateway Advisory LLC raised its position in shares of Texas Instruments by 66.3% during the 2nd quarter. Gateway Advisory LLC now owns 3,010 shares of the semiconductor company’s stock valued at $586,000 after acquiring an additional 1,200 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Texas Instruments by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock valued at $33,909,000 after purchasing an additional 65,512 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Barclays lowered their target price on shares of 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. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Truist Financial dropped their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Two research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $210.45.

Texas Instruments Trading Up 1.5 %

Shares of NASDAQ:TXN opened at $195.23 on Wednesday. The stock has a market capitalization of $178.09 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 3.74 and a beta of 0.98. The company’s 50-day moving average price is $194.32 and its two-hundred day moving average price is $199.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The stock was 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 $4,272,256.80. This 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 currently owned by 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.