TCW Group Inc. Purchases 187,153 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• TCW Group Inc. increased its stake in Texas Instruments by 383.8% in the first quarter, holding 235,914 shares valued at approximately $42.4 million.
• Texas Instruments reported a quarterly EPS of $1.41, exceeding expectations, with revenues of $4.45 billion, a 16.4% year-over-year increase.
• The company announced a quarterly dividend of $1.36, leading to an annualized dividend of $5.44 and a yield of 2.94%.

TCW Group Inc. boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 383.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 235,914 shares of the semiconductor company's stock after acquiring an additional 187,153 shares during the period. TCW Group Inc.'s holdings in Texas Instruments were worth $42,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth approximately $27,000. Cloud Capital Management LLC purchased a new position in Texas Instruments in the first quarter valued at approximately $28,000. Copia Wealth Management purchased a new position in Texas Instruments in the fourth quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. purchased a new position in Texas Instruments in the first quarter valued at approximately $34,000. Finally, Park Square Financial Group LLC purchased a new position in Texas Instruments in the fourth quarter valued at approximately $41,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN traded down $6.88 during mid-day trading on Thursday, hitting $181.29. The company's stock had a trading volume of 4,665,676 shares, compared to its average volume of 7,373,683. The stock's 50-day moving average is $200.45 and its two-hundred day moving average is $185.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The firm has a market capitalization of $164.69 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued 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 analyst estimates of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. Texas Instruments's revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given a dividend of $1.36 per share. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.00%. Texas Instruments's payout ratio is currently 99.63%.

Analysts Set New Price Targets

TXN has been the topic of a number of analyst reports. Mizuho dropped their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. The Goldman Sachs Group started coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They issued a "buy" rating and a $255.00 price target for the company. Cowen restated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. TD Securities restated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Benchmark lifted their price target on shares of Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.