Metis Global Partners LLC Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Metis Global Partners LLC increased its holdings in Texas Instruments by 10.4%, owning 68,219 shares valued at approximately $12.26 million.
• A recent earnings report showed Texas Instruments exceeded analysts' estimates with $1.41 earnings per share, up from $1.17 per share in the same quarter last year, alongside a 16.4% revenue growth.
• The company declared a quarterly dividend of $1.36 per share, translating to an annualized dividend yield of 2.94%, with a payout ratio of 99.63%.

Metis Global Partners LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,219 shares of the semiconductor company's stock after buying an additional 6,400 shares during the period. Metis Global Partners LLC's holdings in Texas Instruments were worth $12,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $27,000. Cloud Capital Management LLC bought a new position in Texas Instruments during the first quarter valued at about $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments in the 4th quarter valued at $30,000. Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments during the 1st quarter worth about $34,000. Finally, Park Square Financial Group LLC acquired a new stake in Texas Instruments in the 4th quarter worth approximately $41,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXN has been the topic of a number of recent analyst reports. Arete began coverage on Texas Instruments in a research note on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price objective on the stock. JPMorgan Chase & Co. upped their target price on Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Mizuho cut their target price on Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Wolfe Research upgraded Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 target price for the company in a research report on Monday. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $212.21.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded down $6.76 during midday trading on Thursday, reaching $181.40. 4,665,676 shares of the company traded hands, compared to its average volume of 7,373,683. The stock's 50-day simple moving average is $200.45 and its 200-day simple 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. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The firm has a market cap of $164.79 billion, a PE ratio of 33.20, a PEG ratio of 3.14 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data 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 return on equity of 30.10% and a net margin of 30.23%. The firm had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter last year, the business earned $1.17 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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

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.