DekaBank Deutsche Girozentrale Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

DekaBank Deutsche Girozentrale boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,287,250 shares of the semiconductor company’s stock after buying an additional 173,228 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Texas Instruments were worth $250,053,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TXN. Gryphon Financial Partners LLC increased its holdings in Texas Instruments by 48.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock valued at $982,000 after buying an additional 1,870 shares during the period. Jump Financial LLC grew its holdings in Texas Instruments by 64.7% in the fourth quarter. Jump Financial LLC now owns 6,292 shares of the semiconductor company’s stock worth $1,073,000 after purchasing an additional 2,472 shares during the last quarter. Meridian Wealth Management LLC grew its holdings in Texas Instruments by 314.4% in the fourth quarter. Meridian Wealth Management LLC now owns 19,733 shares of the semiconductor company’s stock worth $3,364,000 after purchasing an additional 14,971 shares during the last quarter. Navellier & Associates Inc. grew its holdings in Texas Instruments by 4.7% in the fourth quarter. Navellier & Associates Inc. now owns 4,886 shares of the semiconductor company’s stock worth $833,000 after purchasing an additional 218 shares during the last quarter. Finally, American National Bank grew its holdings in Texas Instruments by 12.7% in the fourth quarter. American National Bank now owns 14,365 shares of the semiconductor company’s stock worth $2,449,000 after purchasing an additional 1,621 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXN has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, August 21st. Evercore ISI lifted their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Stifel Nicolaus lifted their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Finally, Barclays lifted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Trading Down 3.2 %

NASDAQ TXN opened at $195.98 on Friday. The company has a market capitalization of $178.94 billion, a PE ratio of 30.57, a P/E/G ratio of 4.40 and a beta of 0.99. The company has a fifty day moving average of $200.67 and a 200 day moving average of $188.40. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

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

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a $1.30 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.65%. Texas Instruments’s payout ratio is 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. Corporate 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.