DekaBank Deutsche Girozentrale Sells 25,352 Shares of Texas Instruments Incorporated $TXN

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Texas Instruments by 2.3%, selling 25,352 shares, and currently holds approximately 1,088,670 shares worth $226,051,000.
• Texas Instruments announced a quarterly dividend increase to $1.42 per share, with a dividend yield of 3.2%, payable on November 12th to stockholders of record by October 31st.
• In its latest earnings report, Texas Instruments exceeded analysts' expectations with an EPS of $1.41 and revenue growth of 16.4% year-over-year, totaling $4.45 billion.

DekaBank Deutsche Girozentrale lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,088,670 shares of the semiconductor company's stock after selling 25,352 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.12% of Texas Instruments worth $226,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Brighton Jones LLC lifted its holdings in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. GAMMA Investing LLC lifted its stake in Texas Instruments by 21.8% in the 1st quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock valued at $3,422,000 after purchasing an additional 3,402 shares during the last quarter. Palumbo Wealth Management LLC lifted its stake in Texas Instruments by 42.5% in the 1st quarter. Palumbo Wealth Management LLC now owns 1,620 shares of the semiconductor company's stock valued at $291,000 after purchasing an additional 483 shares during the last quarter. Stiles Financial Services Inc lifted its stake in Texas Instruments by 0.7% in the 1st quarter. Stiles Financial Services Inc now owns 17,531 shares of the semiconductor company's stock valued at $3,150,000 after purchasing an additional 120 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Texas Instruments by 2.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 61,335 shares of the semiconductor company's stock valued at $11,022,000 after purchasing an additional 1,524 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Insider Buying and Selling at Texas Instruments

In other news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president directly owned 38,883 shares in the company, valued at $7,984,624.05. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by company insiders.

Texas Instruments Trading Up 1.7%

Shares of NASDAQ TXN opened at $179.59 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The firm has a 50 day moving average price of $187.17 and a two-hundred day moving average price of $185.96. The stock has a market cap of $163.27 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 2.99 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the prior year, the company posted $1.17 EPS. The company's revenue was up 16.4% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on TXN. Wolfe Research raised shares of Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price objective for the company in a research note on Monday, July 28th. Weiss Ratings reissued a "hold (c+)" rating on shares of Texas Instruments in a research note on Wednesday, October 8th. KeyCorp increased their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Morgan Stanley dropped their price objective on shares of Texas Instruments from $197.00 to $192.00 and set an "underweight" rating for the company in a research note on Friday, September 12th. Finally, DZ Bank reissued a "sell" rating and issued a $158.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and a consensus price target of $209.47.

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.

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