Petros Family Wealth LLC Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Petros Family Wealth LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,765 shares of the semiconductor company's stock, valued at approximately $706,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HF Advisory Group LLC lifted its holdings in shares of Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock valued at $1,602,000 after purchasing an additional 52 shares in the last quarter. Blossom Wealth Management grew its position in Texas Instruments by 5.1% in the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock valued at $213,000 after purchasing an additional 55 shares in the last quarter. OLD Second National Bank of Aurora boosted its stake in shares of Texas Instruments by 11.1% during the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after buying an additional 57 shares during the last quarter. Avitas Wealth Management LLC boosted its position in Texas Instruments by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock valued at $2,032,000 after purchasing an additional 59 shares during the last quarter. Finally, Augustine Asset Management Inc. grew its position in shares of Texas Instruments by 5.2% in the 4th quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company's stock valued at $226,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

TXN has been the topic of several research reports. Truist Financial decreased their price target on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Citigroup dropped their price objective on Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a report on Friday, April 11th. Barclays decreased their price target on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a report on Monday, April 7th. Finally, UBS Group lowered their target price on shares of Texas Instruments from $250.00 to $225.00 and set a "buy" rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average price target of $206.86.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares of the company's stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company's stock.

Texas Instruments Stock Performance

Shares of TXN traded up $2.88 during trading hours on Thursday, hitting $149.43. The stock had a trading volume of 2,925,066 shares, compared to its average volume of 7,544,311. The stock has a fifty day moving average price of $178.34 and a 200 day moving average price of $190.25. The firm has a market capitalization of $135.97 billion, a PE ratio of 28.77, a PEG ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released 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 net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the firm earned $1.49 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

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.