Hennion & Walsh Asset Management Inc. Acquires 915 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Hennion & Walsh Asset Management Inc. raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,789 shares of the semiconductor company’s stock after buying an additional 915 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Texas Instruments were worth $2,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Advisory Services Inc. TX ADV lifted its stake in shares of Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after buying an additional 51 shares during the period. Verity Asset Management Inc. lifted its position in Texas Instruments by 1.1% during the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after acquiring an additional 54 shares during the period. Prentice Wealth Management LLC grew its stake in Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 55 shares during the last quarter. Pure Financial Advisors LLC increased its holdings in shares of Texas Instruments by 2.5% in the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 55 shares during the period. Finally, Bell Investment Advisors Inc raised its stake in shares of Texas Instruments by 14.1% in the second quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.2 %

TXN stock opened at $206.93 on Friday. The stock has a market capitalization of $188.41 billion, a P/E ratio of 32.28, a P/E/G ratio of 4.22 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The firm has a 50-day simple moving average of $203.52 and a 200-day simple moving average of $195.07. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. Texas Instruments’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 EPS. Equities analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 84.87%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TXN shares. Stifel Nicolaus increased their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Wednesday. Evercore ISI upped their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group lifted their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, Susquehanna decreased their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $206.95.

Insider Transactions at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

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.