Ruggaard & Associates LLC Has $1 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Ruggaard & Associates LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,333 shares of the semiconductor company’s stock after selling 280 shares during the quarter. Ruggaard & Associates LLC’s holdings in Texas Instruments were worth $1,000,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in shares of Texas Instruments during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments during the 4th quarter worth $27,000. Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments during the fourth quarter valued at about $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

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

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $1.49 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm 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. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.59%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TXN shares. Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Barclays decreased their price target 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. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Mizuho decreased their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.20.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments 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 transaction, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company’s stock.

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.