Nicholas Company Inc. Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Nicholas Company Inc. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 11.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 334,171 shares of the semiconductor company’s stock after selling 41,214 shares during the quarter. Nicholas Company Inc.’s holdings in Texas Instruments were worth $62,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC purchased a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $202,000. GSA Capital Partners LLP purchased a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $872,000. Zions Bancorporation N.A. boosted its stake in shares of Texas Instruments by 55.5% during the 3rd quarter. Zions Bancorporation N.A. now owns 1,810 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 646 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Texas Instruments by 3.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,777 shares of the semiconductor company’s stock worth $3,259,000 after acquiring an additional 524 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its stake in shares of Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 1.6 %

Shares of TXN opened at $176.42 on Friday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $160.53 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The stock’s fifty day simple moving average is $188.61 and its 200 day simple moving average is $196.37. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the company posted $1.49 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.08%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 over the last quarter. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $209.20.

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.