Nomura Asset Management Co. Ltd. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 215,307 shares of the semiconductor company’s stock after selling 6,690 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Texas Instruments were worth $22,838,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Green Square Capital LLC bought a new stake in Texas Instruments in the fourth quarter valued at approximately $1,354,000. Bahl & Gaynor Inc. lifted its position in Texas Instruments by 47.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock valued at $264,036,000 after purchasing an additional 904,477 shares during the last quarter. Wedbush Securities Inc. lifted its position in Texas Instruments by 1.2% in the fourth quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $839,000 after purchasing an additional 105 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Texas Instruments in the first quarter valued at approximately $5,100,000. Finally, Bessemer Group Inc. lifted its position in Texas Instruments by 25.3% in the fourth quarter. Bessemer Group Inc. now owns 2,782,405 shares of the semiconductor company’s stock valued at $262,938,000 after purchasing an additional 561,160 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

In related news, CEO Richard K. Templeton sold 160,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.77, for a total value of $18,683,200.00. Following the sale, the chief executive officer now directly owns 930,287 shares of the company’s stock, valued at $108,629,612.99. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bing Xie sold 20,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.75, for a total value of $2,335,000.00. Following the completion of the sale, the insider now directly owns 53,934 shares in the company, valued at $6,296,794.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 879,332 shares of company stock worth $103,024,864. 0.89% of the stock is owned by insiders.

A number of equities analysts recently commented on TXN shares. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Loop Capital upped their target price on Texas Instruments to $126.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. restated a “buy” rating and set a $130.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $120.00 target price on shares of Texas Instruments in a report on Monday, April 22nd. Finally, Morgan Stanley upped their target price on Texas Instruments from $100.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $111.18.

Shares of TXN stock opened at $104.31 on Friday. The firm has a market capitalization of $98.92 billion, a P/E ratio of 19.38, a PEG ratio of 2.02 and a beta of 1.20. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $119.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.09. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 earnings per share. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 annualized dividend and a yield of 2.95%. Texas Instruments’s payout ratio is 56.83%.

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Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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