Baader Bank Aktiengesellschaft Acquires 1,638 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Baader Bank Aktiengesellschaft boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 43.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,388 shares of the semiconductor company’s stock after purchasing an additional 1,638 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Texas Instruments were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the fourth quarter worth $25,000. Richardson Financial Services Inc. acquired a new position in Texas Instruments during the fourth quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments in the fourth quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at approximately $31,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ TXN traded up $6.32 on Thursday, hitting $201.93. 5,080,257 shares of the company’s stock were exchanged, compared to its average volume of 5,531,069. The stock has a 50-day moving average of $196.95 and a 200-day moving average of $182.17. The stock has a market cap of $184.37 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 4.18 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $210.84. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the company earned $1.87 EPS. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is 81.12%.

Wall Street Analyst Weigh In

TXN has been the subject of several research reports. KeyCorp raised their price target on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Mizuho upped their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Evercore ISI upped their target price on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Citigroup increased their target price on Texas Instruments from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $198.64.

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.