Titleist Asset Management LLC Purchases New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Titleist Asset Management LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,714 shares of the semiconductor company’s stock, valued at approximately $319,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairfield Bush & CO. bought a new position in Texas Instruments during the first quarter worth $56,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after buying an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after buying an additional 413 shares during the period. Wsfs Capital Management LLC bought a new stake in shares of Texas Instruments during the 1st quarter valued at about $337,000. Finally, Bridgefront Capital LLC acquired a new stake in Texas Instruments during the first quarter worth about $315,000. Institutional investors own 83.37% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on TXN. Barclays upped their target price on Texas Instruments from $165.00 to $175.00 in a report on Wednesday, July 26th. Mizuho dropped their target price on Texas Instruments from $185.00 to $181.00 in a research report on Wednesday, July 26th. Sanford C. Bernstein downgraded shares of Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 price target for the company. in a report on Wednesday, August 30th. Susquehanna increased their price objective on shares of Texas Instruments from $205.00 to $215.00 in a report on Wednesday, July 26th. Finally, Truist Financial reduced their target price on shares of Texas Instruments from $178.00 to $174.00 in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $185.32.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $164.36 on Thursday. Texas Instruments Incorporated has a 52 week low of $145.97 and a 52 week high of $188.12. The company has a current ratio of 5.72, a quick ratio of 4.35 and a debt-to-equity ratio of 0.69. The stock has a market cap of $149.23 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. The company’s 50-day moving average price is $172.84 and its two-hundred day moving average price is $173.33.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, July 28th. Texas Instruments’s dividend payout ratio (DPR) is presently 59.62%.

Texas Instruments Company 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.