Texas Instruments Incorporated (TXN) Stake Decreased by Fruth Investment Management

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Fruth Investment Management decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 35,201 shares of the semiconductor company’s stock after selling 1,325 shares during the period. Texas Instruments comprises about 1.6% of Fruth Investment Management’s investment portfolio, making the stock its 13th largest holding. Fruth Investment Management’s holdings in Texas Instruments were worth $3,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TXN. Bank of New York Mellon Corp increased its holdings in shares of Texas Instruments by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 13,837,835 shares of the semiconductor company’s stock valued at $1,484,661,000 after purchasing an additional 337,435 shares in the last quarter. CI Investments Inc. bought a new position in Texas Instruments in the third quarter valued at approximately $28,021,000. Brown Brothers Harriman & Co. boosted its stake in Texas Instruments by 32.0% in the third quarter. Brown Brothers Harriman & Co. now owns 20,663 shares of the semiconductor company’s stock valued at $2,217,000 after acquiring an additional 5,005 shares during the last quarter. Matthew Goff Investment Advisor LLC bought a new position in Texas Instruments in the third quarter valued at approximately $576,000. Finally, Captrust Financial Advisors boosted its stake in Texas Instruments by 249.8% in the third quarter. Captrust Financial Advisors now owns 5,457 shares of the semiconductor company’s stock valued at $585,000 after acquiring an additional 3,897 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on TXN shares. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Bank of America cut shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price objective on the stock. in a research note on Friday, January 4th. Robert W. Baird reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Texas Instruments in a research note on Wednesday, January 23rd. Finally, Deutsche Bank reduced their price objective on shares of Texas Instruments to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $108.40.

In related news, Chairman Richard K. Templeton sold 90,842 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $101.14, for a total value of $9,187,759.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Hagop H. Kozanian sold 7,800 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $100.74, for a total transaction of $785,772.00. Following the completion of the sale, the insider now directly owns 45,159 shares in the company, valued at $4,549,317.66. The disclosure for this sale can be found here. Insiders sold a total of 256,061 shares of company stock worth $26,536,471 over the last ninety days. 0.89% of the stock is currently owned by insiders.

Shares of NASDAQ TXN opened at $116.37 on Wednesday. The firm has a market cap of $108.03 billion, a PE ratio of 21.47, a PEG ratio of 2.19 and a beta of 1.17. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $118.48. The company has a current ratio of 3.27, a quick ratio of 2.38 and a debt-to-equity ratio of 0.48.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.19 earnings per share for the current fiscal year.

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Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

See Also: Yield Curve

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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