Griffith & Werner Inc. Acquires Shares of 2,627 Texas Instruments Incorporated (NASDAQ:TXN)

Griffith & Werner Inc. purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,627 shares of the semiconductor company's stock, valued at approximately $493,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Norges Bank bought a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $2,584,490,000. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Invesco Ltd. boosted its position in shares of Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $295,665,000. Finally, Van ECK Associates Corp boosted its position in shares of Texas Instruments by 21.8% in the fourth quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock valued at $1,408,925,000 after acquiring an additional 1,345,629 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of TXN stock traded up $0.91 on Wednesday, hitting $184.15. 5,740,319 shares of the company's stock were exchanged, compared to its average volume of 6,321,993. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The stock has a market cap of $167.30 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a 50 day moving average of $167.91 and a 200 day moving average of $183.11.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the company earned $1.10 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.95%. Texas Instruments's dividend payout ratio is currently 103.23%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXN. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Cantor Fitzgerald reduced their target price on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. TD Securities reaffirmed a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. UBS Group reduced their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $189.41.

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.