Raiffeisen Bank International AG Makes New $8.26 Million Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Raiffeisen Bank International AG purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, Holdings Channel.com reports. 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 added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth about $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth about $27,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on TXN shares. Citigroup dropped their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Truist Financial lowered their target price on Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. TD Securities restated a “hold” rating and set a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Rosenblatt Securities reiterated a “buy” rating and set a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, UBS Group reduced their target price on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $189.41.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,065 shares of company stock valued at $59,734,685 in the last quarter. Company insiders own 0.57% of the company’s stock.

Texas Instruments Trading Up 0.3%

NASDAQ TXN opened at $187.83 on Friday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a 50-day simple moving average of $167.07 and a 200-day simple moving average of $184.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market capitalization of $170.64 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) 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.