Hennion & Walsh Asset Management Inc. Purchases 5,791 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Hennion & Walsh Asset Management Inc. raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 49.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,580 shares of the semiconductor company’s stock after buying an additional 5,791 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Texas Instruments were worth $3,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Mercer Global Advisors Inc. ADV lifted its position in shares of Texas Instruments by 0.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 143,287 shares of the semiconductor company’s stock worth $27,874,000 after purchasing an additional 790 shares in the last quarter. Waterloo Capital L.P. raised its position in Texas Instruments by 31.5% in the 2nd quarter. Waterloo Capital L.P. now owns 4,113 shares of the semiconductor company’s stock worth $800,000 after purchasing an additional 985 shares during the last quarter. Seven Eight Capital LP acquired a new position in Texas Instruments during the 2nd quarter worth $1,185,000. Paces Ferry Wealth Advisors LLC bought a new position in Texas Instruments in the 2nd quarter valued at $235,000. Finally, Garner Asset Management Corp increased its stake in shares of Texas Instruments by 15.0% in the 2nd quarter. Garner Asset Management Corp now owns 10,141 shares of the semiconductor company’s stock valued at $1,973,000 after buying an additional 1,326 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore ISI upped their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird reduced their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Barclays reduced their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $209.71.

Texas Instruments Trading Down 5.1 %

NASDAQ:TXN opened at $187.37 on Friday. The company has a market cap of $170.92 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The business has a 50 day moving average price of $195.95 and a two-hundred day moving average price of $199.74. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm earned $1.80 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.90%. Texas Instruments’s dividend payout ratio is currently 101.12%.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred 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 owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.