Hamlin Capital Management LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Hamlin Capital Management LLC increased its stake in Texas Instruments by 3.5% to a total of 902,486 shares, making the stock the 18th largest holding in its portfolio.
• Texas Instruments reported a 16.4% increase in revenue year-over-year, with earnings per share of $1.41 surpassing analysts' estimates of $1.32.
• The company also announced a quarterly dividend of $1.36 per share, leading to an annualized dividend yield of 2.8%.

Hamlin Capital Management LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 902,486 shares of the semiconductor company's stock after buying an additional 30,863 shares during the period. Texas Instruments makes up 3.9% of Hamlin Capital Management LLC's portfolio, making the stock its 18th largest holding. Hamlin Capital Management LLC owned approximately 0.10% of Texas Instruments worth $162,177,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TXN. Cloud Capital Management LLC bought a new position in shares of Texas Instruments in the first quarter worth about $28,000. Copia Wealth Management purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $30,000. Dagco Inc. bought a new stake in shares of Texas Instruments during the first quarter valued at approximately $32,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments in the first quarter valued at approximately $34,000. Finally, Park Square Financial Group LLC bought a new position in Texas Instruments in the fourth quarter worth approximately $41,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.2%

TXN stock opened at $193.32 on Thursday. The stock has a market capitalization of $175.75 billion, a P/E ratio of 35.41, a P/E/G ratio of 3.15 and a beta of 1.03. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The firm has a 50-day simple moving average of $201.05 and a 200-day simple moving average of $184.98. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The business's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.8%. Texas Instruments's dividend payout ratio is presently 99.63%.

Analyst Ratings Changes

Several brokerages have weighed in on TXN. Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. TD Securities reaffirmed a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Stifel Nicolaus increased their target price on Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a research report on Friday, July 18th. Finally, Cowen reissued a "hold" rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $212.21.

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.

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