DekaBank Deutsche Girozentrale Acquires 166,575 Shares of Texas Instruments Incorporated (TXN)

DekaBank Deutsche Girozentrale lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,164,013 shares of the semiconductor company’s stock after purchasing an additional 166,575 shares during the period. Texas Instruments comprises approximately 0.7% of DekaBank Deutsche Girozentrale’s holdings, making the stock its 28th biggest position. DekaBank Deutsche Girozentrale owned approximately 0.12% of Texas Instruments worth $89,782,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TXN. BlackRock Inc. lifted its stake in shares of Texas Instruments by 1,924.6% in the 1st quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock worth $5,213,733,000 after purchasing an additional 61,521,990 shares during the period. Jennison Associates LLC lifted its stake in shares of Texas Instruments by 370.0% in the 1st quarter. Jennison Associates LLC now owns 8,080,896 shares of the semiconductor company’s stock worth $650,997,000 after purchasing an additional 6,361,577 shares during the period. Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock worth $6,416,325,000 after purchasing an additional 3,551,400 shares during the period. American Century Companies Inc. lifted its stake in shares of Texas Instruments by 252.0% in the 1st quarter. American Century Companies Inc. now owns 3,346,324 shares of the semiconductor company’s stock worth $269,580,000 after purchasing an additional 2,395,581 shares during the period. Finally, Waddell & Reed Financial Inc. lifted its stake in shares of Texas Instruments by 476.4% in the 1st quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock worth $160,205,000 after purchasing an additional 1,643,640 shares during the period. Hedge funds and other institutional investors own 83.69% of the company’s stock.

In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the sale, the director now directly owns 38,435 shares in the company, valued at approximately $3,161,278.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Brian T. Crutcher sold 50,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.09, for a total value of $4,054,500.00. Following the completion of the sale, the chief operating officer now owns 201,440 shares of the company’s stock, valued at $16,334,769.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,301 shares of company stock valued at $17,259,256. 0.96% of the stock is owned by company insiders.

Texas Instruments Incorporated (TXN) opened at 82.89 on Wednesday. The firm’s 50-day moving average is $81.46 and its 200 day moving average is $80.41. Texas Instruments Incorporated has a 1-year low of $66.80 and a 1-year high of $84.65. The stock has a market capitalization of $82.06 billion, a price-to-earnings ratio of 20.73 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.41%. The ex-dividend date was Thursday, July 27th. Texas Instruments’s payout ratio is currently 50.51%.

TRADEMARK VIOLATION NOTICE: This story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://sportsperspectives.com/2017/09/13/dekabank-deutsche-girozentrale-acquires-166575-shares-of-texas-instruments-incorporated-txn.html.

Several brokerages have recently weighed in on TXN. BidaskClub cut shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. B. Riley restated a “neutral” rating and set a $89.00 target price on shares of Texas Instruments in a research note on Monday, July 31st. SunTrust Banks, Inc. restated a “hold” rating and set a $86.00 target price (up previously from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Cowen and Company restated a “market perform” rating and set a $85.00 target price (up previously from $82.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Finally, Loop Capital restated a “hold” rating and set a $84.00 target price (up previously from $79.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $86.18.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply