Truvestments Capital LLC Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Truvestments Capital LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,187 shares of the semiconductor company’s stock after acquiring an additional 1,026 shares during the period. Texas Instruments accounts for 0.9% of Truvestments Capital LLC’s portfolio, making the stock its 23rd largest holding. Truvestments Capital LLC’s holdings in Texas Instruments were worth $3,410,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Promus Capital LLC purchased a new position in Texas Instruments during the fourth quarter valued at $25,000. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments during the third quarter valued at $28,000. Financial Life Planners purchased a new position in Texas Instruments during the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth $28,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 4.9 %

Shares of Texas Instruments stock opened at $177.34 on Wednesday. The firm’s 50 day moving average price is $189.39 and its 200-day moving average price is $197.00. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38. The company has a market cap of $161.36 billion, a P/E ratio of 34.17, a PEG ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company posted $1.49 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’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 transaction of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TXN. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho lowered their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.