Nemes Rush Group LLC Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Nemes Rush Group LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,588 shares of the semiconductor company’s stock after selling 480 shares during the quarter. Nemes Rush Group LLC’s holdings in Texas Instruments were worth $612,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Texas Instruments during the 4th quarter valued at $1,649,592,000. Morgan Stanley boosted its holdings in shares of Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System boosted its stake in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after purchasing an additional 1,439,066 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its stake in Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after purchasing an additional 1,385,725 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of TXN stock traded up $3.89 on Wednesday, reaching $202.90. The company’s stock had a trading volume of 5,364,998 shares, compared to its average volume of 5,604,583. The stock’s fifty day simple moving average is $175.50 and its 200-day simple moving average is $166.91. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $203.62. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $184.74 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 4.28 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. Analysts forecast that Texas Instruments Incorporated will post 5.17 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.56%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXN. Benchmark reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Cantor Fitzgerald upped their price target on shares of Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Finally, Truist Financial upped their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $182.48.

Insiders Place Their Bets

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 over the last three months. 0.68% of the stock is owned by company 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.