J. Safra Sarasin Holding AG Sells 1,487 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Texas Instruments by 0.4%, owning 368,472 shares after selling 1,487 shares, which represent approximately 1.2% of its portfolio.
• Texas Instruments reported a 16.4% increase in quarterly revenue year-over-year, achieving $4.45 billion in revenue and an EPS of $1.41, exceeding analysts' expectations.
• The company declared a quarterly dividend of $1.36 per share, with an annualized dividend yield of 3.0%, while its dividend payout ratio currently stands at 99.63%.

J. Safra Sarasin Holding AG cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 368,472 shares of the semiconductor company's stock after selling 1,487 shares during the quarter. Texas Instruments accounts for 1.2% of J. Safra Sarasin Holding AG's portfolio, making the stock its 24th largest position. J. Safra Sarasin Holding AG's holdings in Texas Instruments were worth $66,214,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after acquiring an additional 56 shares during the last quarter. Voya Financial Advisors Inc. grew its holdings in shares of Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after buying an additional 58 shares in the last quarter. FSB Premier Wealth Management Inc. grew its holdings in shares of Texas Instruments by 1.7% during the first quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock valued at $628,000 after buying an additional 60 shares in the last quarter. Dunhill Financial LLC grew its holdings in shares of Texas Instruments by 3.7% during the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after buying an additional 61 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of Texas Instruments by 2.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock valued at $577,000 after buying an additional 63 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded up $1.87 during trading on Monday, reaching $182.73. The company's stock had a trading volume of 4,680,126 shares, compared to its average volume of 7,901,236. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The business's fifty day moving average price is $200.56 and its 200-day moving average price is $185.24. The firm has a market cap of $166.13 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 2.97 and a beta of 1.03. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be paid a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.0%. Texas Instruments's payout ratio is presently 99.63%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TXN. Wells Fargo & Company lowered their price target on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. BNP Paribas upgraded Texas Instruments to a "strong sell" rating in a report on Wednesday, July 23rd. Stifel Nicolaus lifted their price objective on Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a research report on Friday, July 18th. Citigroup reissued a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Wolfe Research raised Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price objective for the company in a research report on Monday, July 28th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $212.21.

Texas Instruments Company 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.