Texas Instruments Incorporated (TXN) Shares Sold by Fruth Investment Management
Fruth Investment Management reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,500 shares of the company’s stock after selling 650 shares during the period. Texas Instruments comprises about 1.5% of Fruth Investment Management’s holdings, making the stock its 16th largest position. Fruth Investment Management’s holdings in Texas Instruments were worth $3,052,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. HRT Financial LLC bought a new stake in Texas Instruments during the second quarter worth $294,000. Shell Asset Management Co. raised its stake in Texas Instruments by 14.9% in the second quarter. Shell Asset Management Co. now owns 169,435 shares of the company’s stock worth $10,615,000 after buying an additional 22,027 shares in the last quarter. Seminole Management Co. Inc. raised its stake in Texas Instruments by 5.7% in the second quarter. Seminole Management Co. Inc. now owns 456,615 shares of the company’s stock worth $28,607,000 after buying an additional 24,441 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Texas Instruments by 1.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 160,154 shares of the company’s stock worth $10,034,000 after buying an additional 2,785 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its stake in Texas Instruments by 2.2% in the second quarter. Evercore Wealth Management LLC now owns 391,085 shares of the company’s stock worth $24,502,000 after buying an additional 8,291 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.13% during mid-day trading on Monday, reaching $74.53. 4,512,018 shares of the company were exchanged. The company’s 50 day moving average price is $70.48 and its 200 day moving average price is $66.98. Texas Instruments Incorporated has a 12 month low of $46.73 and a 12 month high of $74.89. The firm has a market capitalization of $74.49 billion, a PE ratio of 23.66 and a beta of 1.28.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, October 26th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08. The firm earned $3.68 billion during the quarter. Texas Instruments had a net margin of 24.73% and a return on equity of 31.60%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post $3.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were paid a $0.50 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.38. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Thursday, November 3rd. Texas Instruments’s dividend payout ratio is currently 63.49%.
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A number of research firms have recently weighed in on TXN. B. Riley reaffirmed a “neutral” rating and set a $69.00 price objective on shares of Texas Instruments in a research report on Sunday, July 31st. BNP Paribas raised Texas Instruments from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 4th. Cowen and Company upped their price objective on Texas Instruments from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, October 27th. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Friday, October 28th. Finally, Mizuho upped their price objective on Texas Instruments from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, October 27th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.43.
In other news, insider Brian T. Crutcher sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $70.69, for a total value of $1,060,350.00. Following the completion of the sale, the insider now directly owns 309,250 shares of the company’s stock, valued at approximately $21,860,882.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by insiders.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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