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

Montrusco Bolton Investments Inc. decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050,922 shares of the semiconductor company’s stock after selling 119,351 shares during the quarter. Texas Instruments makes up about 2.2% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 18th largest position. Montrusco Bolton Investments Inc. owned 0.12% of Texas Instruments worth $213,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of TXN. KCM Investment Advisors LLC boosted its stake in Texas Instruments by 1.4% in the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after purchasing an additional 50 shares in the last quarter. Investment Advisory Services Inc. TX ADV boosted its stake in Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 51 shares in the last quarter. Lansing Street Advisors boosted its stake in Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after purchasing an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC raised its position in shares of Texas Instruments by 2.9% during the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 14,968 shares of company stock valued at $3,126,464. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Truist Financial dropped their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Wells Fargo & Company assumed coverage on Texas Instruments in a research report on Friday. They set an “equal weight” rating and a $215.00 target price for the company. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $210.05.

Texas Instruments Stock Down 0.1 %

Shares of TXN opened at $198.00 on Friday. The company has a market capitalization of $180.62 billion, a PE ratio of 36.80, a PEG ratio of 4.33 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38. The stock’s 50-day moving average price is $204.45 and its two-hundred day moving average price is $200.25. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

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

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.