Raiffeisen Bank International AG Takes $8.26 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Raiffeisen Bank International AG purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 43,931 shares of the semiconductor company's stock, valued at approximately $8,257,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Texas Instruments during the fourth quarter worth about $2,584,490,000. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the last quarter. Invesco Ltd. lifted its stake in Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Texas Instruments in the fourth quarter worth $295,665,000. Finally, Van ECK Associates Corp boosted its holdings in Texas Instruments by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock worth $1,408,925,000 after purchasing an additional 1,345,629 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TXN shares. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Morgan Stanley reiterated an "underweight" rating and set a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Stifel Nicolaus decreased their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Citigroup cut their price objective on Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $189.41.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $80,872,804.41. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is currently owned by insiders.

Texas Instruments Price Performance

Texas Instruments stock traded down $1.70 during trading hours on Wednesday, reaching $187.01. 3,090,062 shares of the stock were exchanged, compared to its average volume of 6,290,080. The stock has a 50 day moving average of $167.85 and a two-hundred day moving average of $184.20. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market cap of $169.89 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.91%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Texas Instruments Company 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.