Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Nexus Investment Management ULC

Nexus Investment Management ULC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,620 shares of the semiconductor company’s stock after purchasing an additional 955 shares during the quarter. Texas Instruments makes up 2.8% of Nexus Investment Management ULC’s investment portfolio, making the stock its 19th biggest holding. Nexus Investment Management ULC’s holdings in Texas Instruments were worth $18,261,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its stake in Texas Instruments by 30.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 19,367 shares of the semiconductor company’s stock valued at $3,632,000 after purchasing an additional 4,515 shares during the period. Mizuho Securities USA LLC increased its position in Texas Instruments by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock valued at $16,212,000 after acquiring an additional 27,251 shares during the period. OFC Financial Planning LLC acquired a new position in Texas Instruments in the 4th quarter valued at about $338,000. Union Bancaire Privee UBP SA acquired a new stake in Texas Instruments during the 4th quarter worth approximately $6,544,000. Finally, Banque Pictet & Cie SA lifted its position in Texas Instruments by 0.9% during the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company’s stock worth $412,086,000 after acquiring an additional 18,650 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

TXN stock opened at $184.99 on Friday. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The stock’s fifty day simple moving average is $168.00 and its 200-day simple moving average is $182.90. 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 capitalization of $168.06 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is currently 103.23%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup dropped their target price on Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, April 11th. UBS Group dropped their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Benchmark reduced their target price on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus dropped their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Finally, Truist Financial reduced their price target on Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $189.41.

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.