Petredis Investment Advisors LLC Purchases 171 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Petredis Investment Advisors LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 12,823 shares of the semiconductor company’s stock after purchasing an additional 171 shares during the period. Petredis Investment Advisors LLC’s holdings in Texas Instruments were worth $2,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TXN. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 56 shares during the last quarter. Voya Financial Advisors Inc. grew its holdings 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 buying an additional 58 shares during the last quarter. Augustine Asset Management Inc. lifted its holdings in shares of Texas Instruments by 5.2% during the fourth quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company’s stock worth $226,000 after buying an additional 60 shares during the last quarter. Dunhill Financial LLC boosted its position in shares of Texas Instruments by 3.7% in the fourth 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 during the period. Finally, Prestige Wealth Management Group LLC grew its stake in shares of Texas Instruments by 3.7% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 62 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

NASDAQ TXN opened at $199.21 on Tuesday. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a 50 day moving average of $169.29 and a 200-day moving average of $181.95. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm has a market cap of $180.98 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of research reports. KeyCorp reduced their price target on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Argus raised Texas Instruments to a “strong-buy” rating in a research report on Friday, April 25th. TD Securities reaffirmed a “hold” rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. UBS Group decreased their price objective on Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, Morgan Stanley restated an “underweight” rating and issued a $148.00 target price (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $189.86.

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.