Boston Trust Walden Corp Lowers Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Boston Trust Walden Corp trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 20.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,803 shares of the semiconductor company’s stock after selling 10,610 shares during the period. Boston Trust Walden Corp’s holdings in Texas Instruments were worth $8,132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Silver Oak Securities Incorporated purchased a new position in Texas Instruments in the fourth quarter valued at about $222,000. First National Advisers LLC lifted its position in Texas Instruments by 27.6% during the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock worth $1,623,000 after acquiring an additional 2,059 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Texas Instruments by 16.9% in the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after acquiring an additional 145,328 shares during the period. Public Employees Retirement Association of Colorado grew its position in Texas Instruments by 5,858.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after acquiring an additional 636,013 shares in the last quarter. Finally, Advisors Capital Management LLC raised its stake in shares of Texas Instruments by 185.7% during the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after purchasing an additional 205,676 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent analyst reports. Citigroup boosted their price target on Texas Instruments from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. The Goldman Sachs Group lifted their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Morgan Stanley increased their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company began coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price for the company. Finally, Evercore ISI increased their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $198.64.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded down $1.40 during mid-day trading on Friday, reaching $200.53. The company had a trading volume of 4,236,423 shares, compared to its average volume of 5,522,879. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $210.84. The stock has a market cap of $182.58 billion, a PE ratio of 31.28, a P/E/G ratio of 4.25 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company has a 50-day moving average price of $197.16 and a two-hundred day moving average price of $182.69.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the firm posted $1.87 earnings per share. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

About Texas Instruments

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.