Mawer Investment Management Ltd. Has $56.55 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Mawer Investment Management Ltd. has reduced its stake in Texas Instruments by 1.1% in the first quarter, holding 314,674 shares worth approximately $56.5 million.
• Multiple institutional investors have varied their positions in Texas Instruments, with Kestra Private Wealth Services increasing its stake by 10.9% during the same timeframe.
• Texas Instruments reported earnings of $1.41 EPS for the last quarter, exceeding analysts' expectations and showing a 16.4% year-over-year revenue increase.

Mawer Investment Management Ltd. reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 314,674 shares of the semiconductor company's stock after selling 3,656 shares during the period. Mawer Investment Management Ltd.'s holdings in Texas Instruments were worth $56,547,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TXN. Summit Securities Group LLC bought a new position in shares of Texas Instruments during the fourth quarter worth approximately $27,000. Cloud Capital Management LLC acquired a new stake in shares of Texas Instruments during the 1st quarter valued at $28,000. Copia Wealth Management acquired a new position in Texas Instruments during the 4th quarter worth about $30,000. Quintet Private Bank Europe S.A. acquired a new position in Texas Instruments during the 1st quarter worth about $34,000. Finally, Park Square Financial Group LLC bought a new position in shares of Texas Instruments in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Down 0.2%

Shares of TXN traded down $0.34 during trading hours on Friday, reaching $180.72. The company's stock had a trading volume of 3,730,390 shares, compared to its average volume of 7,387,414. The firm has a market cap of $164.30 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 3.11 and a beta of 1.03. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $200.47 and a two-hundred day moving average of $185.42.

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

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 99.63%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Truist Financial boosted their target price on Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. Robert W. Baird increased their target price on Texas Instruments from $175.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Arete started coverage on shares of Texas Instruments in a research report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price target for the company. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus 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.