Grant Private Wealth Management Inc Has $711,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Grant Private Wealth Management Inc raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,959 shares of the semiconductor company’s stock after buying an additional 123 shares during the period. Grant Private Wealth Management Inc’s holdings in Texas Instruments were worth $711,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter worth $25,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments during the 4th quarter worth about $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments during the 4th quarter worth about $30,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Texas Instruments during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $195.00 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The business’s 50 day simple moving average is $172.92 and its two-hundred day simple moving average is $182.03. The stock has a market capitalization of $177.15 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (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 for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. Analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TXN shares. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Wells Fargo & Company reduced their price target on shares of Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus decreased their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Monday, April 7th. Finally, Summit Insights cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $189.86.

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.