Montrusco Bolton Investments Inc. Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Montrusco Bolton Investments Inc. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,298,418 shares of the semiconductor company’s stock after buying an additional 247,496 shares during the period. Texas Instruments makes up approximately 2.9% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 15th biggest holding. Montrusco Bolton Investments Inc. owned 0.14% of Texas Instruments worth $237,228,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. raised its position in Texas Instruments by 948.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after acquiring an additional 4,337,295 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after purchasing an additional 782,053 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Texas Instruments by 17,253.3% in the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after purchasing an additional 609,905 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after purchasing an additional 487,892 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on TXN. Mizuho lowered their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Susquehanna lowered their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Finally, Evercore ISI raised their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Down 3.5 %

TXN stock opened at $180.57 on Wednesday. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The stock has a market cap of $164.72 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. 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 company’s 50 day moving average is $192.56 and its 200 day moving average is $199.19.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same period last year, the business posted $1.49 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by insiders.

Texas Instruments 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.