Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,351 shares of the semiconductor company’s stock after selling 4,053 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Texas Instruments were worth $3,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tennessee Valley Asset Management Partners purchased a new position in shares of Texas Instruments during the fourth quarter worth about $25,000. Life Planning Partners Inc purchased a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Scarborough Advisors LLC purchased a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Texas Instruments during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of research reports. Cantor Fitzgerald raised their price target on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Evercore ISI lifted their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. lifted their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird lifted their price objective on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $183.43.

Texas Instruments Trading Up 0.6 %

Shares of TXN opened at $194.53 on Friday. The stock has a fifty day moving average of $190.26 and a two-hundred day moving average of $175.28. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The company has a market capitalization of $177.12 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 4.21 and a beta of 1.00. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $206.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the company earned $1.85 EPS. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. As a group, analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.67%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Insider Buying and Selling

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. In the last three months, insiders sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

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.