Nissay Asset Management Corp Japan ADV Has $51.07 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Nissay Asset Management Corp Japan ADV grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 267,141 shares of the semiconductor company’s stock after acquiring an additional 7,822 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Texas Instruments were worth $51,072,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TXN. Norges Bank acquired a new stake in Texas Instruments during the 4th quarter worth about $2,584,490,000. Assenagon Asset Management S.A. grew its holdings in Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after acquiring an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Invesco Ltd. boosted its position in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Texas Instruments during the 4th quarter worth about $295,665,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Texas Instruments stock opened at $188.20 on Wednesday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company’s 50 day moving average price is $167.11 and its two-hundred day moving average price is $184.84. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a market cap of $170.97 billion, a P/E ratio of 36.26, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.89%. Texas Instruments’s dividend payout ratio is currently 103.23%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TXN shares. Barclays cut shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Summit Insights cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Morgan Stanley reissued an “underweight” rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. TD Securities reissued a “hold” rating and set a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Cantor Fitzgerald cut their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $189.41.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,065 shares of company stock valued at $59,734,685 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Company 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.