DekaBank Deutsche Girozentrale Buys 25,352 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

DekaBank Deutsche Girozentrale increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,114,022 shares of the semiconductor company's stock after purchasing an additional 25,352 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.12% of Texas Instruments worth $194,184,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Summit Securities Group LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $27,000. Cloud Capital Management LLC bought a new position in shares of Texas Instruments in the 1st quarter valued at about $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments during the 4th quarter worth about $30,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments during the 1st quarter worth about $34,000. Finally, Atala Financial Inc bought a new stake in Texas Instruments in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TXN. Cantor Fitzgerald dropped their target price on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. KeyCorp increased their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $202.08.

Texas Instruments Trading Up 0.2%

Shares of NASDAQ TXN traded up $0.47 during mid-day trading on Friday, hitting $220.13. The stock had a trading volume of 1,117,860 shares, compared to its average volume of 7,218,195. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.78. The business has a 50 day moving average price of $192.98 and a two-hundred day moving average price of $184.11. The firm has a market cap of $199.98 billion, a P/E ratio of 41.77, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

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.