Deutsche Bank AG Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Deutsche Bank AG increased its stake in Texas Instruments by 11.3%, owning over 4 million shares valued at approximately $731.7 million as of recent filings.
• Texas Instruments reported earnings of $1.41 per share for the last quarter, exceeding analysts' expectations, with revenue increasing by 16.4% year-over-year to $4.45 billion.
• The company announced a quarterly dividend of $1.36 per share, representing a dividend yield of 2.9%, to be paid on August 12th, with a payout ratio of 99.63%.

Deutsche Bank AG raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,071,912 shares of the semiconductor company's stock after purchasing an additional 412,878 shares during the quarter. Deutsche Bank AG owned 0.45% of Texas Instruments worth $731,723,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TXN. Cloud Capital Management LLC acquired a new position in Texas Instruments during the 1st quarter worth $28,000. Copia Wealth Management purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $30,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments during the first quarter worth about $34,000. Park Square Financial Group LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Texas Instruments during the first quarter worth approximately $42,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup restated a "buy" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Benchmark boosted their price objective on shares of Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Truist Financial boosted their price target on shares of Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. Finally, Seaport Res Ptn raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Stock Up 0.3%

NASDAQ TXN opened at $185.91 on Thursday. The stock has a market cap of $169.02 billion, a PE ratio of 34.05, a P/E/G ratio of 3.04 and a beta of 1.03. The business has a 50 day moving average price of $200.77 and a two-hundred day moving average price of $185.18. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the company earned $1.17 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.9%. Texas Instruments's dividend payout ratio (DPR) is 99.63%.

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.

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