Skandinaviska Enskilda Banken AB publ Has $45.54 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 234,232 shares of the semiconductor company's stock after purchasing an additional 9,608 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Texas Instruments were worth $45,535,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TXN. AE Wealth Management LLC raised its position in shares of Texas Instruments by 24.7% in the second quarter. AE Wealth Management LLC now owns 34,225 shares of the semiconductor company's stock valued at $6,658,000 after purchasing an additional 6,774 shares during the period. Bridges Investment Management Inc. raised its holdings in Texas Instruments by 17.9% in the 2nd quarter. Bridges Investment Management Inc. now owns 40,193 shares of the semiconductor company's stock valued at $7,819,000 after acquiring an additional 6,098 shares during the period. Callan Capital LLC raised its holdings in Texas Instruments by 31.8% in the 2nd quarter. Callan Capital LLC now owns 3,011 shares of the semiconductor company's stock valued at $586,000 after acquiring an additional 727 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Texas Instruments by 1.3% during the second quarter. Benjamin Edwards Inc. now owns 8,495 shares of the semiconductor company's stock worth $1,652,000 after acquiring an additional 113 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Texas Instruments by 4.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 210,136 shares of the semiconductor company's stock valued at $40,878,000 after purchasing an additional 9,067 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Price Performance

NASDAQ:TXN traded down $4.30 on Friday, hitting $203.30. The company had a trading volume of 14,492,966 shares, compared to its average volume of 5,567,017. The firm has a 50 day moving average of $200.78 and a two-hundred day moving average of $189.84. The stock has a market capitalization of $185.62 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 4.31 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same period in the prior year, the company earned $1.87 EPS. Texas Instruments's revenue was down 15.6% compared to the same quarter last year. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments's dividend payout ratio (DPR) is currently 81.12%.

Insider Activity

In other news, VP Shanon J. Leonard sold 2,816 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $5,037,237.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred 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 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 available through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were 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. Insiders sold 15,558 shares of company stock valued at $3,255,323 over the last quarter. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on TXN shares. Susquehanna lifted their price target on Texas Instruments from $205.00 to $250.00 and gave the stock a "positive" rating in a report on Wednesday, July 17th. Truist Financial dropped their target price on Texas Instruments from $203.00 to $198.00 and set a "hold" rating for the company in a report on Wednesday, August 21st. Barclays upped their price target 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. Evercore ISI lifted their price objective on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 20th. Finally, Rosenblatt Securities increased their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $204.67.

About Texas Instruments

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.