Commerzbank Aktiengesellschaft FI Acquires 9,114 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Commerzbank Aktiengesellschaft FI increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 32.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,363 shares of the semiconductor company’s stock after purchasing an additional 9,114 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Texas Instruments were worth $7,718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in Texas Instruments by 54.3% in the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after acquiring an additional 1,972,304 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Texas Instruments by 65.8% in the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after purchasing an additional 1,181,841 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock valued at $244,386,000 after purchasing an additional 1,029,741 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after buying an additional 536,206 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 4.3 %

NASDAQ:TXN opened at $202.25 on Wednesday. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The firm has a market cap of $184.66 billion, a P/E ratio of 34.55, a P/E/G ratio of 4.32 and a beta of 0.98. The firm has a 50-day simple moving average of $203.31 and a 200-day simple moving average of $194.94.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business posted $1.80 EPS. The business’s revenue was down 8.4% compared to the same quarter last year. Equities analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is presently 90.28%.

Insider Buying and Selling

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The trade was a 0.00 % 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 the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last 90 days. 0.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on TXN shares. Deutsche Bank Aktiengesellschaft raised their price target on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and lifted their target price for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Morgan Stanley upped their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $206.95.

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.