J.Safra Asset Management Corp Sells 146 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

J.Safra Asset Management Corp trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 16.9% in the 4th quarter, HoldingsChannel reports. The fund owned 716 shares of the semiconductor company’s stock after selling 146 shares during the quarter. J.Safra Asset Management Corp’s holdings in Texas Instruments were worth $122,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the fourth quarter worth about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments during the fourth quarter worth $26,000. Annapolis Financial Services LLC lifted its position in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 120 shares during the period. Briaud Financial Planning Inc purchased a new stake in Texas Instruments during the 3rd quarter valued at about $25,000. Finally, AMH Equity Ltd acquired a new position in shares of Texas Instruments in the third quarter valued at about $32,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.3 %

NASDAQ:TXN traded up $0.44 during trading hours on Thursday, reaching $175.25. 9,129,091 shares of the company were exchanged, compared to its average volume of 5,711,318. The stock has a 50 day simple moving average of $168.95 and a 200 day simple moving average of $162.08. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The firm has a market cap of $159.49 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.56 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. As a group, analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.97%. Texas Instruments’s payout ratio is currently 81.12%.

Analysts Set New Price Targets

TXN has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird lifted their price objective on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Finally, Morgan Stanley lifted their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $180.74.

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.