Nexus Investment Management ULC Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Nexus Investment Management ULC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 holdings, making the stock its 25th biggest holding. Nexus Investment Management ULC’s holdings in Texas Instruments were worth $18,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew its position in shares of Texas Instruments by 948.4% during 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Texas Instruments by 454.5% during the second 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 buying an additional 1,029,741 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 4.2% during 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 buying an additional 782,053 shares in the last quarter. International Assets Investment Management LLC increased its stake in Texas Instruments by 17,253.3% in the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after acquiring an additional 609,905 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after acquiring an additional 487,892 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. Mizuho set a $200.00 target price on shares of Texas Instruments in a report on Friday, October 18th. Evercore ISI lifted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial decreased their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price objective 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $209.71.

Texas Instruments Price Performance

Shares of TXN stock opened at $192.42 on Friday. The company’s 50-day simple moving average is $194.79 and its two-hundred day simple moving average is $199.64. 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. The company has a market capitalization of $175.53 billion, a P/E ratio of 35.77, a P/E/G ratio of 3.69 and a beta of 0.98.

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

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued 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 payout ratio is 101.12%.

Insider Buying and Selling

In other news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s 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 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 position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

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.