Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Texas Instruments by 6.5%, now owning approximately 3.77 million shares valued at $676.87 million.
• Texas Instruments reported better-than-expected earnings, with $1.41 earnings per share and $4.45 billion in revenue for the latest quarter, surpassing analyst estimates.
• The company declared a quarterly dividend of $1.36 per share, with a dividend yield of 2.9%, set to be paid on August 12th.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,766,676 shares of the semiconductor company's stock after purchasing an additional 229,381 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.41% of Texas Instruments worth $676,872,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WealthPLAN Partners LLC raised its position in Texas Instruments by 1.4% during the first quarter. WealthPLAN Partners LLC now owns 23,212 shares of the semiconductor company's stock valued at $4,171,000 after purchasing an additional 327 shares in the last quarter. CenterBook Partners LP grew its stake in shares of Texas Instruments by 256.6% in the first quarter. CenterBook Partners LP now owns 28,076 shares of the semiconductor company's stock worth $5,045,000 after purchasing an additional 20,203 shares during the last quarter. 1834 Investment Advisors Co. boosted its position in Texas Instruments by 1.8% during the first quarter. 1834 Investment Advisors Co. now owns 19,817 shares of the semiconductor company's stock valued at $3,561,000 after acquiring an additional 357 shares during the last quarter. Deutsche Bank AG boosted its position in Texas Instruments by 11.3% during the first quarter. Deutsche Bank AG now owns 4,071,912 shares of the semiconductor company's stock valued at $731,723,000 after acquiring an additional 412,878 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Texas Instruments by 13.0% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,661 shares of the semiconductor company's stock worth $438,000 after purchasing an additional 307 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded down $2.34 during midday trading on Monday, reaching $184.88. The company's stock had a trading volume of 2,571,816 shares, compared to its average volume of 7,328,263. The firm has a market capitalization of $168.08 billion, a PE ratio of 33.89, a P/E/G ratio of 3.06 and a beta of 1.03. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The stock has a fifty day moving average of $200.91 and a 200 day moving average of $184.88. 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 posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the firm posted $1.17 earnings per share. The company's revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Investors 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 yield of 2.9%. Texas Instruments's payout ratio is currently 99.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TXN. The Goldman Sachs Group assumed coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They issued a "buy" rating and a $255.00 price target on the stock. BNP Paribas raised shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, July 23rd. Susquehanna cut their price target on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a report on Tuesday, July 22nd. KeyCorp raised their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned 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 company currently has an average 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.