Quantbot Technologies LP Makes New $16 Million Investment in Texas Instruments Incorporated $TXN

Key Points

• Quantbot Technologies LP has made a new investment of approximately $16 million in Texas Instruments, purchasing 89,026 shares, which constitutes 0.5% of its portfolio.
• In the first quarter, several institutional investors, including Japan's Korea Investment CORP and Alpha Family Trust, significantly increased their stakes in Texas Instruments, reflecting growing confidence in the semiconductor company.
• Texas Instruments reported impressive quarterly earnings with $1.41 EPS and revenue of $4.45 billion, marking a 16.4% increase compared to the previous year.

Quantbot Technologies LP bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 89,026 shares of the semiconductor company's stock, valued at approximately $15,998,000. Texas Instruments makes up about 0.5% of Quantbot Technologies LP's portfolio, making the stock its 19th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Korea Investment CORP raised its holdings in shares of Texas Instruments by 30.5% during the first quarter. Korea Investment CORP now owns 738,859 shares of the semiconductor company's stock valued at $132,773,000 after purchasing an additional 172,722 shares during the period. Alpha Family Trust grew its holdings in shares of Texas Instruments by 258.1% during the first quarter. Alpha Family Trust now owns 5,730 shares of the semiconductor company's stock valued at $1,030,000 after buying an additional 4,130 shares during the last quarter. Aviso Financial Inc. boosted its holdings in Texas Instruments by 3.4% during the first quarter. Aviso Financial Inc. now owns 16,495 shares of the semiconductor company's stock worth $2,964,000 after purchasing an additional 543 shares during the last quarter. Northern Trust Corp raised its stake in shares of Texas Instruments by 0.9% during the 1st quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company's stock worth $1,885,770,000 after purchasing an additional 95,980 shares during the period. Finally, Brooklyn Investment Group boosted its stake in Texas Instruments by 18.9% in the first quarter. Brooklyn Investment Group now owns 6,995 shares of the semiconductor company's stock valued at $1,257,000 after acquiring an additional 1,111 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $194.57 on Monday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The firm has a market capitalization of $176.89 billion, a P/E ratio of 35.64, a P/E/G ratio of 3.18 and a beta of 1.03. The company's fifty day moving average price is $201.16 and its two-hundred day moving average price is $185.16.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. Texas Instruments's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $1.17 EPS. On average, research analysts anticipate 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. Shareholders of record on Thursday, July 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Texas Instruments's payout ratio is currently 99.63%.

Analyst Ratings Changes

Several research firms have issued reports on TXN. Seaport Res Ptn upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Mizuho reduced their target price on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Arete Research raised shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. TD Cowen cut their target price on shares of Texas Instruments from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, Truist Financial lifted their target price on shares of Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.

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