DekaBank Deutsche Girozentrale Has $226.05 Million Holdings in Texas Instruments Incorporated $TXN

DekaBank Deutsche Girozentrale cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,088,670 shares of the semiconductor company’s stock after selling 25,352 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Texas Instruments were worth $226,051,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TXN. Brighton Jones LLC grew its holdings in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after purchasing an additional 4,218 shares during the period. GAMMA Investing LLC grew its holdings in Texas Instruments by 21.8% in the first quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company’s stock worth $3,422,000 after purchasing an additional 3,402 shares during the period. Palumbo Wealth Management LLC grew its holdings in Texas Instruments by 42.5% in the first quarter. Palumbo Wealth Management LLC now owns 1,620 shares of the semiconductor company’s stock worth $291,000 after purchasing an additional 483 shares during the period. Stiles Financial Services Inc grew its holdings in Texas Instruments by 0.7% in the first quarter. Stiles Financial Services Inc now owns 17,531 shares of the semiconductor company’s stock worth $3,150,000 after purchasing an additional 120 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in Texas Instruments by 2.5% in the first quarter. Oppenheimer & Co. Inc. now owns 61,335 shares of the semiconductor company’s stock worth $11,022,000 after purchasing an additional 1,524 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 1.7%

TXN opened at $179.59 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The company’s 50-day moving average is $187.17 and its 200 day moving average is $185.96. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The firm has a market capitalization of $163.27 billion, a P/E ratio of 32.89, a PEG ratio of 2.99 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the firm earned $1.17 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.2%. Texas Instruments’s payout ratio is 99.63%.

Insider Buying and Selling at Texas Instruments

In related news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the transaction, the vice president directly owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup reduced their price target on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, October 16th. Susquehanna dropped their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Tuesday, July 22nd. Robert W. Baird raised their price objective on shares of Texas Instruments from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Texas Instruments in a research note on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $209.47.

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.