Montrusco Bolton Investments Inc. Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Montrusco Bolton Investments Inc. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 28.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 portfolio, making the stock its 19th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Texas Instruments were worth $162,310,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after acquiring an additional 649,620 shares in the last quarter. Geode Capital Management LLC boosted its stake in Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the last quarter. Norges Bank acquired a new stake in Texas Instruments during the 4th quarter worth $2,584,490,000. Alliancebernstein L.P. boosted its stake in Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock worth $2,382,684,000 after purchasing an additional 822,797 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.8%

Shares of NASDAQ:TXN opened at $216.64 on Thursday. 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 firm has a market capitalization of $196.81 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 3.56 and a beta of 1.03. The firm’s 50-day moving average is $197.45 and its two-hundred day moving average is $184.86. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (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 analyst estimates of $3.91 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent research reports. Citigroup lifted their target price on shares of Texas Instruments from $220.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Stifel Nicolaus lowered their target price on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company boosted their price target on shares of Texas Instruments from $190.00 to $215.00 and gave the company an “equal weight” rating in a research report on Wednesday. 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. Finally, DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price target on the stock in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $203.53.

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.