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

DekaBank Deutsche Girozentrale boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,287,250 shares of the semiconductor company's stock after purchasing an additional 173,228 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.14% of Texas Instruments worth $250,053,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. First National Advisers LLC boosted its stake in Texas Instruments by 27.6% in the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company's stock valued at $1,623,000 after buying an additional 2,059 shares in the last quarter. Nordea Investment Management AB lifted its stake in Texas Instruments by 16.9% in the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company's stock valued at $175,538,000 after purchasing an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Texas Instruments by 5,858.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company's stock worth $110,265,000 after buying an additional 636,013 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of Texas Instruments by 185.7% during the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company's stock worth $55,124,000 after buying an additional 205,676 shares in the last quarter. Finally, Clear Rock Advisors LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at $1,984,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 2.0 %

Shares of TXN stock traded up $3.95 on Friday, reaching $199.93. 4,617,034 shares of the company were exchanged, compared to its average volume of 5,548,518. 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 Incorporated has a one year low of $139.48 and a one year high of $214.66. The company has a 50-day moving average of $200.69 and a 200-day moving average of $188.65. The company has a market cap of $182.55 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 4.40 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the firm posted $1.87 EPS. Texas Instruments's revenue was down 15.6% compared to the same quarter last year. Analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.60%. Texas Instruments's payout ratio is 81.12%.

Insider Buying and Selling

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at approximately $33,233,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TXN shares. Truist Financial reduced their price objective on Texas Instruments from $203.00 to $198.00 and set a "hold" rating on the stock in a research report on Wednesday, August 21st. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and raised their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Jefferies Financial Group raised their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a "hold" rating in a report on Wednesday, July 24th. Finally, Morgan Stanley increased their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an "underweight" rating in a report on Thursday, July 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $204.67.

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.