Ground Swell Capital LLC Makes New $1.01 Million Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Ground Swell Capital LLC purchased 5,605 shares of Texas Instruments, valued at approximately $1,007,000, making it the 7th largest position in their investment portfolio.
• Texas Instruments reported a 16.4% year-over-year revenue increase for the last quarter, achieving a net revenue of $4.45 billion and earnings per share of $1.41.
• The company announced a quarterly dividend of $1.36 per share, representing a yield of 2.8% and a dividend payout ratio of 99.63%.

Ground Swell Capital LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,605 shares of the semiconductor company's stock, valued at approximately $1,007,000. Texas Instruments makes up 2.2% of Ground Swell Capital LLC's investment portfolio, making the stock its 7th largest position.

Several other institutional investors have also modified their holdings of the business. Gerber Kawasaki Wealth & Investment Management lifted its stake in Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after acquiring an additional 56 shares in the last quarter. Trillium Asset Management LLC lifted its stake in Texas Instruments by 2.8% in the 1st quarter. Trillium Asset Management LLC now owns 2,100 shares of the semiconductor company's stock valued at $377,000 after acquiring an additional 57 shares in the last quarter. Voya Financial Advisors Inc. lifted its stake in Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after acquiring an additional 58 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its stake in Texas Instruments by 1.7% in the 1st quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock valued at $628,000 after acquiring an additional 60 shares in the last quarter. Finally, Dunhill Financial LLC lifted its stake in Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $0.86 during trading on Friday, reaching $194.57. 5,871,480 shares of the company traded hands, compared to its average volume of 8,311,180. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The firm has a market capitalization of $176.89 billion, a PE ratio of 35.64, a PEG ratio of 3.16 and a beta of 1.03. The company's 50 day moving average is $201.16 and its two-hundred day moving average is $185.13.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced 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 business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the prior year, the company earned $1.17 EPS. Texas Instruments's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Texas Instruments's dividend payout ratio is presently 99.63%.

Analysts Set New Price Targets

Several research analysts have weighed in on TXN shares. Truist Financial boosted their price target on Texas Instruments from $171.00 to $196.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Seaport Res Ptn raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group started coverage on Texas Instruments in a report on Thursday, July 10th. They set a "buy" rating and a $255.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $212.21.

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.