Nordea Investment Management AB Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Nordea Investment Management AB cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 214,052 shares of the semiconductor company’s stock after selling 4,929 shares during the period. Nordea Investment Management AB’s holdings in Texas Instruments were worth $40,285,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter worth about $28,000. Tsfg LLC raised its holdings in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments in the third quarter worth approximately $39,000. FSA Wealth Management LLC bought a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Texas Instruments during the 3rd quarter valued at $43,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

NASDAQ:TXN opened at $192.21 on Wednesday. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company has a 50 day moving average price of $197.58 and a 200-day moving average price of $199.84. The firm has a market cap of $175.34 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TXN shares. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Truist Financial decreased their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company initiated coverage on Texas Instruments in a report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 price objective on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price objective on Texas Instruments in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $210.05.

Insider Transactions at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.