Gries Financial LLC Invests $243,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Gries Financial LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,353 shares of the semiconductor company's stock, valued at approximately $243,000.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TXN shares. TD Securities reissued a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Seaport Res Ptn raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Monday. UBS Group set a $255.00 price objective on Texas Instruments in a research note on Tuesday. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Truist Financial cut their price target on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $204.87.

Texas Instruments Stock Down 0.9%

Shares of NASDAQ TXN opened at $214.57 on Tuesday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The firm's 50 day moving average price is $199.35 and its 200 day moving average price is $185.23. The firm has a market cap of $194.93 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $1.10 EPS. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.54%. Texas Instruments's dividend payout ratio is currently 103.23%.

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.

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