Mondrian Investment Partners LTD Acquires 5,011 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Mondrian Investment Partners LTD increased its holdings in Texas Instruments by 0.7% during the first quarter, now owning a total of 754,199 shares valued at approximately $135.53 million.
• Texas Instruments reported an earnings per share (EPS) of $1.41 for the last quarter, exceeding analysts' estimates and marking a 16.4% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $1.36 per share, representing a dividend yield of 2.8% with a payout ratio of 99.63%.

Mondrian Investment Partners LTD lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 754,199 shares of the semiconductor company's stock after purchasing an additional 5,011 shares during the period. Texas Instruments accounts for about 2.3% of Mondrian Investment Partners LTD's portfolio, making the stock its 13th largest position. Mondrian Investment Partners LTD owned 0.08% of Texas Instruments worth $135,530,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after acquiring an additional 17,840 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Texas Instruments during the fourth quarter valued at $12,019,000. Seeds Investor LLC lifted its stake in shares of Texas Instruments by 7.4% during the fourth quarter. Seeds Investor LLC now owns 1,115 shares of the semiconductor company's stock valued at $209,000 after acquiring an additional 77 shares during the period. Finally, CreativeOne Wealth LLC lifted its stake in shares of Texas Instruments by 23.1% during the fourth quarter. CreativeOne Wealth LLC now owns 8,396 shares of the semiconductor company's stock valued at $1,574,000 after acquiring an additional 1,576 shares during the period. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. Stifel Nicolaus upped their price target on Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Cowen reaffirmed a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. BNP Paribas upgraded Texas Instruments to a "strong sell" rating in a report on Wednesday, July 23rd. TD Securities restated a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Stock Up 5.0%

Shares of Texas Instruments stock opened at $192.97 on Wednesday. The business's 50 day simple moving average is $201.00 and its 200 day simple moving average is $184.93. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The firm has a market cap of $175.44 billion, a PE ratio of 35.34, a P/E/G ratio of 3.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) 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 business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter last year, the firm earned $1.17 EPS. Texas Instruments's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

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.

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