Montrusco Bolton Investments Inc. Sells 374,379 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Montrusco Bolton Investments Inc. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 924,039 shares of the semiconductor company's stock after selling 374,379 shares during the quarter. Texas Instruments makes up about 2.1% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 19th biggest position. Montrusco Bolton Investments Inc. owned approximately 0.10% of Texas Instruments worth $162,310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Mizuho Securities USA LLC boosted its stake in Texas Instruments by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock valued at $16,212,000 after acquiring an additional 27,251 shares during the last quarter. Brighton Jones LLC boosted its stake in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares during the last quarter. JARISLOWSKY FRASER Ltd boosted its stake in Texas Instruments by 7.4% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock valued at $448,000 after acquiring an additional 165 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Texas Instruments by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock valued at $89,050,000 after purchasing an additional 11,057 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Texas Instruments by 21.8% in the first quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock valued at $3,422,000 after purchasing an additional 3,402 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. JPMorgan Chase & Co. lowered their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Cantor Fitzgerald cut their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Argus raised shares of Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $203.53.

Texas Instruments Stock Performance

Shares of TXN traded down $0.05 on Thursday, reaching $216.59. The company's stock had a trading volume of 4,919,370 shares, compared to its average volume of 6,463,651. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The stock has a market capitalization of $196.77 billion, a P/E ratio of 41.10, a PEG ratio of 3.53 and a beta of 1.03. The stock's 50 day simple moving average is $197.45 and its two-hundred day simple moving average is $184.86. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the business earned $1.10 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. Research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.51%. Texas Instruments's payout ratio is currently 103.23%.

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.