Bank Julius Baer & Co. Ltd Zurich Sells 3,339 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Bank Julius Baer & Co. Ltd Zurich lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,323,865 shares of the semiconductor company’s stock after selling 3,339 shares during the period. Texas Instruments accounts for about 1.2% of Bank Julius Baer & Co. Ltd Zurich’s investment portfolio, making the stock its 23rd largest holding. Bank Julius Baer & Co. Ltd Zurich’s holdings in Texas Instruments were worth $225,666,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AXQ Capital LP raised its position in shares of Texas Instruments by 64.3% in the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in Texas Instruments by 0.4% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in Texas Instruments by 39.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,397 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in Texas Instruments by 2.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the last quarter. Finally, Chicago Capital LLC boosted its stake in Texas Instruments by 182.7% during the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after purchasing an additional 8,311 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on TXN shares. Robert W. Baird increased their target price on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. The Goldman Sachs Group raised their price target on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. JPMorgan Chase & Co. raised their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Barclays dropped their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $180.74.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s 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 directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by insiders.

Texas Instruments Price Performance

NASDAQ:TXN traded up $0.44 on Thursday, reaching $175.25. 9,129,091 shares of the company’s stock traded hands, compared to its average volume of 5,711,318. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The stock has a 50-day simple moving average of $168.66 and a 200-day simple moving average of $161.99. The firm has a market cap of $159.49 billion, a PE ratio of 27.28, a P/E/G ratio of 3.56 and a beta of 1.04. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results 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 firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The business’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

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

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.