Commerzbank Aktiengesellschaft FI reduced its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 18.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 35,530 shares of the semiconductor company’s stock after selling 7,931 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Texas Instruments were worth $7,377,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in Texas Instruments in the 1st quarter valued at about $28,000. Dagco Inc. acquired a new position in Texas Instruments in the 1st quarter valued at about $32,000. CBIZ Investment Advisory Services LLC grew its position in shares of Texas Instruments by 67.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after buying an additional 75 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments during the first quarter worth about $34,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Texas Instruments during the first quarter worth about $42,000. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Price Performance
TXN stock opened at $178.96 on Friday. The business has a 50 day moving average price of $188.45 and a 200 day moving average price of $185.80. The stock has a market cap of $162.70 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 2.97 and a beta of 1.01. 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 Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be paid a $1.42 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.03%.
Insiders Place Their Bets
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the sale, the vice president owned 38,883 shares in the company, valued at approximately $7,984,624.05. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on TXN shares. Morgan Stanley lowered their price objective on Texas Instruments from $197.00 to $192.00 and set an “underweight” rating for the company in a research report on Friday, September 12th. DZ Bank reissued a “sell” rating and set a $158.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 23rd. Benchmark reissued a “buy” rating and set a $220.00 price objective on shares of Texas Instruments in a research report on Monday, September 8th. Cantor Fitzgerald reissued a “neutral” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, TD Cowen lowered their price objective on Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $213.82.
View Our Latest Stock Report on Texas Instruments
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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