Steel Grove Capital Advisors LLC Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Steel Grove Capital Advisors LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 10,135 shares of the semiconductor company’s stock after selling 340 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Texas Instruments were worth $1,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Promus Capital LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $25,000. Financial Life Planners bought a new stake in Texas Instruments in the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $27,000. Summit Securities Group LLC bought a new position in Texas Instruments during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by company insiders.

Texas Instruments Price Performance

TXN stock opened at $145.61 on Tuesday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The firm has a 50-day moving average of $176.39 and a 200 day moving average of $188.90. 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 company has a market cap of $132.49 billion, a P/E ratio of 28.06, a PEG ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the business earned $1.49 EPS. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be given a dividend of $1.36 per share. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 3.74%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TXN. Wells Fargo & Company cut their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and set a $125.00 price target for the company. in a research report on Tuesday. UBS Group dropped their price objective on Texas Instruments from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Citigroup lowered their price target on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $204.24.

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.