EFG Asset Management Americas Corp. Purchases 318 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

EFG Asset Management Americas Corp. grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,305 shares of the semiconductor company’s stock after buying an additional 318 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Texas Instruments were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Edgestream Partners L.P. raised its holdings in Texas Instruments by 2,924.1% in the 4th quarter. Edgestream Partners L.P. now owns 33,537 shares of the semiconductor company’s stock worth $6,289,000 after purchasing an additional 32,428 shares during the period. West Family Investments Inc. raised its holdings in Texas Instruments by 8.5% in the 4th quarter. West Family Investments Inc. now owns 2,590 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 203 shares during the period. Destination Wealth Management raised its holdings in Texas Instruments by 6.4% in the 4th quarter. Destination Wealth Management now owns 1,654 shares of the semiconductor company’s stock worth $310,000 after purchasing an additional 99 shares during the period. Ashton Thomas Private Wealth LLC raised its holdings in Texas Instruments by 153.2% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 8,327 shares of the semiconductor company’s stock worth $1,561,000 after purchasing an additional 5,038 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. raised its holdings in Texas Instruments by 37.0% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,184 shares of the semiconductor company’s stock worth $410,000 after purchasing an additional 590 shares during the period. 84.99% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 over the last ninety days. 0.68% of the stock is currently owned by insiders.

Texas Instruments Price Performance

NASDAQ TXN opened at $189.34 on Friday. The firm’s fifty day simple moving average is $189.64 and its two-hundred day simple moving average is $197.53. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The firm has a market capitalization of $172.36 billion, a P/E ratio of 36.48, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the company earned $1.49 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Mizuho cut their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $209.20.

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.