Boston Trust Walden Corp Sells 10,610 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Boston Trust Walden Corp cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 20.2% in the 2nd quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TXN. Tennessee Valley Asset Management Partners purchased a new position in shares of Texas Instruments during the 4th quarter valued at about $25,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the fourth quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments during the 4th quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Texas Instruments in the 4th quarter worth approximately $31,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Texas Instruments during the first quarter valued at approximately $31,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TXN. TD Cowen lifted their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Citigroup boosted their price target on shares of Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Morgan Stanley raised their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Robert W. Baird upped their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company initiated coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $198.64.

Texas Instruments Stock Performance

Texas Instruments stock traded down $1.40 during mid-day trading on Friday, reaching $200.53. 4,236,423 shares of the company traded hands, compared to its average volume of 5,522,879. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $210.84. The firm’s fifty day moving average is $197.16 and its two-hundred day moving average is $182.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company has a market capitalization of $182.58 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 4.25 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly 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 company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the company earned $1.87 EPS. Texas Instruments’s quarterly revenue was down 15.6% on a year-over-year basis. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.59%. The ex-dividend date 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.