J.Safra Asset Management Corp Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

J.Safra Asset Management Corp purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 862 shares of the semiconductor company’s stock, valued at approximately $160,000.

Several other hedge funds also recently bought and sold shares of the stock. Epoch Investment Partners Inc. increased its position in Texas Instruments by 0.8% during the first quarter. Epoch Investment Partners Inc. now owns 1,014,142 shares of the semiconductor company’s stock worth $188,641,000 after buying an additional 7,941 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Texas Instruments by 12.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 57,051 shares of the semiconductor company’s stock worth $10,612,000 after buying an additional 6,370 shares in the last quarter. Prudential Financial Inc. increased its position in Texas Instruments by 1.5% during the first quarter. Prudential Financial Inc. now owns 864,614 shares of the semiconductor company’s stock worth $139,233,000 after buying an additional 13,130 shares in the last quarter. L2 Asset Management LLC increased its position in Texas Instruments by 4.5% during the first quarter. L2 Asset Management LLC now owns 2,176 shares of the semiconductor company’s stock worth $405,000 after buying an additional 93 shares in the last quarter. Finally, Sands Capital Management LLC increased its position in Texas Instruments by 0.9% during the first quarter. Sands Capital Management LLC now owns 716,758 shares of the semiconductor company’s stock worth $133,324,000 after buying an additional 6,336 shares in the last quarter. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TXN. Citigroup lifted their price objective on Texas Instruments from $173.00 to $182.00 and gave the company a “neutral” rating in a research report on Tuesday, July 18th. Truist Financial reduced their target price on Texas Instruments from $178.00 to $174.00 in a report on Wednesday, July 26th. Sanford C. Bernstein cut Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 target price on the stock. in a report on Wednesday, August 30th. UBS Group reduced their target price on Texas Instruments from $190.00 to $185.00 in a report on Wednesday, July 26th. Finally, Susquehanna lifted their target price on Texas Instruments from $205.00 to $215.00 in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $185.32.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 10,539 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $179.34, for a total value of $1,890,064.26. Following the completion of the sale, the director now directly owns 32,662 shares of the company’s stock, valued at $5,857,603.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the completion of the transaction, the director now directly owns 32,662 shares of the company’s stock, valued at $5,857,603.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $180.04, for a total value of $2,890,542.20. Following the transaction, the director now directly owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Texas Instruments Stock Up 1.1 %

Shares of NASDAQ:TXN traded up $1.77 during trading on Monday, hitting $169.83. The company’s stock had a trading volume of 2,611,200 shares, compared to its average volume of 5,143,694. The company has a debt-to-equity ratio of 0.69, a quick ratio of 4.35 and a current ratio of 5.72. Texas Instruments Incorporated has a fifty-two week low of $145.97 and a fifty-two week high of $188.12. The stock’s 50-day moving average price is $174.24 and its two-hundred day moving average price is $173.63. The company has a market capitalization of $154.20 billion, a PE ratio of 20.41, a PEG ratio of 2.48 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.37 billion. Texas Instruments had a return on equity of 50.90% and a net margin of 40.84%. Texas Instruments’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.45 earnings per share. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 7.34 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, July 28th. Texas Instruments’s dividend payout ratio is currently 59.62%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.