Fruth Investment Management Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Fruth Investment Management reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,824 shares of the semiconductor company’s stock after selling 100 shares during the period. Fruth Investment Management’s holdings in Texas Instruments were worth $2,592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Financial Life Planners purchased a new position in Texas Instruments in the fourth quarter worth $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $27,000. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments during the third quarter worth about $28,000. Tsfg LLC boosted its holdings in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Texas Instruments during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock opened at $181.59 on Thursday. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The stock has a market cap of $165.65 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 2.94 and a beta of 0.97. The stock’s 50 day simple moving average is $190.84 and its two-hundred day simple moving average is $198.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating 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 quarter last year, the firm earned $1.49 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.00%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird cut their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Evercore ISI upped their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial decreased their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Company 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.