DekaBank Deutsche Girozentrale decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 26.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,098,172 shares of the semiconductor company’s stock after selling 388,872 shares during the quarter. Texas Instruments makes up 0.6% of DekaBank Deutsche Girozentrale’s holdings, making the stock its 28th biggest position. DekaBank Deutsche Girozentrale’s holdings in Texas Instruments were worth $127,526,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in TXN. Railway Pension Investments Ltd acquired a new stake in Texas Instruments during the 2nd quarter valued at $12,823,000. NN Investment Partners Holdings N.V. lifted its holdings in shares of Texas Instruments by 133.9% during the second quarter. NN Investment Partners Holdings N.V. now owns 910,166 shares of the semiconductor company’s stock worth $104,450,000 after buying an additional 521,088 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Texas Instruments by 89.7% during the first quarter. Lazard Asset Management LLC now owns 1,093,931 shares of the semiconductor company’s stock worth $116,032,000 after buying an additional 517,285 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Texas Instruments by 17.8% during the first quarter. Bank of Montreal Can now owns 3,212,978 shares of the semiconductor company’s stock worth $340,801,000 after buying an additional 486,584 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. acquired a new stake in shares of Texas Instruments during the second quarter worth $44,773,000. 85.91% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on TXN shares. Bank of America reissued a “neutral” rating and set a $122.00 target price (up previously from $114.00) on shares of Texas Instruments in a report on Wednesday, April 24th. Barclays lifted their target price on Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. CIBC lifted their target price on Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Longbow Research downgraded Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 target price for the company. in a report on Wednesday, April 17th. Finally, Deutsche Bank reissued a “neutral” rating and set a $120.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $118.74.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.08. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the previous year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. Research analysts forecast that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s dividend payout ratio is presently 56.83%.
In other news, SVP Cynthia Hoff Trochu sold 6,185 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total transaction of $793,040.70. Following the sale, the senior vice president now directly owns 62,417 shares in the company, valued at $8,003,107.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider R Gregory Delagi sold 450,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $128.31, for a total value of $57,739,500.00. Following the sale, the insider now owns 243,755 shares in the company, valued at $31,276,204.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,251,117 shares of company stock worth $159,473,823. Company insiders own 0.89% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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