Ruggaard & Associates LLC Sells 280 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Ruggaard & Associates LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,333 shares of the semiconductor company’s stock after selling 280 shares during the period. Ruggaard & Associates LLC’s holdings in Texas Instruments were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Promus Capital LLC purchased a new position in Texas Instruments in the fourth quarter worth $25,000. Financial Life Planners purchased a new position in shares of Texas Instruments in the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments during the fourth quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in Texas Instruments during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments in the fourth quarter worth about $28,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 7.8 %

TXN stock opened at $151.39 on Friday. The company’s 50 day moving average is $184.06 and its 200 day moving average is $193.65. The stock has a market cap of $137.75 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $150.96 and a 1-year high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the company posted $1.49 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.59%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The stock was 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. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TXN. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial decreased their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Barclays cut their target price 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. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.