SteelPeak Wealth LLC Sells 22,370 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

SteelPeak Wealth LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 29.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,629 shares of the semiconductor company's stock after selling 22,370 shares during the period. SteelPeak Wealth LLC's holdings in Texas Instruments were worth $9,457,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. Cloud Capital Management LLC bought a new position in shares of Texas Instruments in the first quarter valued at approximately $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. bought a new stake in Texas Instruments during the first quarter worth $34,000. Finally, Atala Financial Inc bought a new stake in Texas Instruments during the fourth quarter worth $37,000. Institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company set a $190.00 price target on Texas Instruments and gave the stock an "equal weight" rating in a report on Monday, June 16th. Summit Insights lowered Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. UBS Group lifted their price target on Texas Instruments from $215.00 to $245.00 and gave the stock a "buy" rating in a report on Monday. Benchmark dropped their price target on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $202.08.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $219.66 on Friday. The stock has a market cap of $199.55 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.87. 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 stock has a fifty day moving average of $192.98 and a 200-day moving average of $184.11.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) 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.

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