Nemes Rush Group LLC Has $516,000 Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Nemes Rush Group LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 20.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,750 shares of the semiconductor company’s stock after selling 694 shares during the quarter. Nemes Rush Group LLC’s holdings in Texas Instruments were worth $516,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Tradewinds LLC. bought a new position in shares of Texas Instruments in the 4th quarter valued at about $214,000. HighPoint Advisor Group LLC boosted its position in Texas Instruments by 1.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 28,554 shares of the semiconductor company’s stock valued at $5,120,000 after purchasing an additional 294 shares during the last quarter. Rodgers Brothers Inc. grew its stake in Texas Instruments by 53.5% in the fourth quarter. Rodgers Brothers Inc. now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after purchasing an additional 12,825 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock worth $2,382,684,000 after purchasing an additional 822,797 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $69,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $177.99 on Wednesday. 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 $161.96 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39. The company has a 50-day simple moving average of $185.85 and a two-hundred day simple moving average of $194.36.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial lowered their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Buying and Selling

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