Petros Family Wealth LLC Sells 138 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Petros Family Wealth LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,627 shares of the semiconductor company’s stock after selling 138 shares during the quarter. Petros Family Wealth LLC’s holdings in Texas Instruments were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after buying an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG grew its position in Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company’s stock valued at $25,942,000 after buying an additional 17,840 shares during the period. TCW Group Inc. grew its position in Texas Instruments by 0.7% during the fourth quarter. TCW Group Inc. now owns 48,761 shares of the semiconductor company’s stock valued at $9,143,000 after buying an additional 321 shares during the period. Wealthspire Advisors LLC grew its position in Texas Instruments by 6.4% during the fourth quarter. Wealthspire Advisors LLC now owns 7,474 shares of the semiconductor company’s stock valued at $1,402,000 after buying an additional 452 shares during the period. Finally, Delta Financial Group Inc. bought a new stake in Texas Instruments during the fourth quarter valued at approximately $309,000. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TXN has been the subject of several recent research reports. Wells Fargo & Company set a $190.00 target price on shares of Texas Instruments and gave the company an “equal weight” rating in a research report on Monday, June 16th. Summit Insights lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Truist Financial cut their target price on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Cantor Fitzgerald cut their target price on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $190.55.

Texas Instruments Price Performance

TXN stock opened at $201.39 on Tuesday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company’s fifty day moving average price is $177.98 and its 200-day moving average price is $181.98. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The company has a market capitalization of $182.96 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

About Texas Instruments

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.