Montrusco Bolton Investments Inc. Has $213.13 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Montrusco Bolton Investments Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,050,922 shares of the semiconductor company’s stock after selling 119,351 shares during the period. Texas Instruments makes up approximately 2.2% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 18th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Texas Instruments were worth $213,133,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after purchasing an additional 782,053 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Texas Instruments by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock valued at $1,664,998,000 after purchasing an additional 36,441 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Texas Instruments by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after buying an additional 64,067 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Texas Instruments by 3.6% in the 3rd quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company’s stock worth $1,244,381,000 after buying an additional 212,888 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Texas Instruments by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock worth $778,750,000 after buying an additional 129,717 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock opened at $198.00 on Friday. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average of $204.45 and a 200-day moving average of $200.25. The firm has a market cap of $180.62 billion, a P/E ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $151.27 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TXN shares. Truist Financial cut their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Barclays cut their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Morgan Stanley boosted their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company started coverage on Texas Instruments in a research note on Friday. They issued an “equal weight” rating and a $215.00 target price on the stock. Finally, Robert W. Baird cut their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average price target of $210.05.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 11.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,968 shares of company stock worth $3,126,464. Company insiders own 0.68% of the company’s stock.

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.