Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 59.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 172,433 shares of the semiconductor company's stock after selling 247,754 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Texas Instruments were worth $33,543,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC grew its stake in shares of Texas Instruments by 1.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 8,854 shares of the semiconductor company's stock valued at $1,722,000 after buying an additional 103 shares during the period. Banco Santander S.A. grew its position in Texas Instruments by 5.9% in the second quarter. Banco Santander S.A. now owns 6,168 shares of the semiconductor company's stock worth $1,200,000 after acquiring an additional 341 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Texas Instruments during the second quarter worth $87,000. Nixon Peabody Trust Co. purchased a new stake in Texas Instruments in the second quarter valued at $314,000. Finally, HB Wealth Management LLC lifted its stake in shares of Texas Instruments by 6.8% in the 2nd quarter. HB Wealth Management LLC now owns 89,068 shares of the semiconductor company's stock valued at $17,326,000 after purchasing an additional 5,688 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at $33,233,101.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Morgan Stanley lifted their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an "underweight" rating in a research note on Thursday, July 11th. KeyCorp increased their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and lifted their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Barclays raised their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and an average target price of $201.95.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $3.35 during midday trading on Thursday, hitting $211.09. The stock had a trading volume of 5,622,474 shares, compared to its average volume of 5,535,491. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.41. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $198.76 and a two-hundred day moving average price of $185.30. The company has a market capitalization of $192.74 billion, a PE ratio of 32.93, a P/E/G ratio of 4.53 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating 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 analysts' expectations of $3.82 billion. During the same period last year, the firm earned $1.87 EPS. The company's quarterly revenue was down 15.6% compared to the same quarter last year. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.46%. Texas Instruments's payout ratio is 81.12%.

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.

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