Should You Now Sell Your Texas Instruments (TXN) Shares?

Distillate Capital, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. Distillate Capital’s U.S. and International Fundamental Stability & Value strategies returned -1.49% and -7.06% on a net of fees basis for the quarter, respectively. The U.S. portfolio lagged its S&P 500 benchmark by around 2.1% in the quarter, causing the year-to-date performance to trail that benchmark by around 2.2%. The international portfolio likewise lagged its benchmark, the iShares MSCI ACWI ex-US ETF, in the quarter, and year-to-date performance is trailing the benchmark by a more substantial 6.6% after outperformance of around 8.0% last year. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Distillate Capital, in its Q3 2021 investor letter, mentioned Texas Instruments Incorporated (NASDAQ: TXN) and discussed its stance on the firm. Texas Instruments Incorporated is a Dallas, Texas-based semiconductor manufacturing company with a $176.4 billion market capitalization. TXN delivered a 16.43% return since the beginning of the year, while its 12-month returns are up by 17.46%. The stock closed at $191.10 per share on December 29, 2021.

Here is what Distillate Capital has to say about Texas Instruments Incorporated  in its Q3 2021 investor letter:

“The largest exited positions were Oracle, which outperformed significantly, and Texas Instruments and Honeywell, which were roughly flat versus the market in the quarter but were edged out for inclusion by other stocks that became even more attractively valued.”

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Based on our calculations, Texas Instruments Incorporated (NASDAQ: TXN) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. TXN was in 40 hedge fund portfolios at the end of the third quarter of 2021, compared to 50 funds in the previous quarter. Texas Instruments Incorporated (NASDAQ: TXN) delivered a -1.02% return in the past 3 months.

On the last day of December 2021, we also shared another hedge fund’s views on TXN in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.