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

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,580 shares of the semiconductor company's stock after purchasing 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 also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV raised its position in shares of Texas Instruments by 0.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 143,287 shares of the semiconductor company's stock valued at $27,874,000 after acquiring an additional 790 shares during the period. Waterloo Capital L.P. raised its position in shares of Texas Instruments by 31.5% in the 2nd quarter. Waterloo Capital L.P. now owns 4,113 shares of the semiconductor company's stock valued at $800,000 after acquiring an additional 985 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $1,185,000. Paces Ferry Wealth Advisors LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $235,000. Finally, Garner Asset Management Corp raised its position 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 acquiring an additional 1,326 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley raised their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. Rosenblatt Securities restated a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Barclays dropped their target price on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $209.71.

Texas Instruments Stock Up 2.7 %

Shares of NASDAQ:TXN traded up $5.05 during midday trading on Friday, hitting $192.42. The stock had a trading volume of 5,370,904 shares, compared to its average volume of 5,309,095. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market cap of $175.53 billion, a P/E ratio of 35.77, a PEG ratio of 3.69 and a beta of 0.98. The business's 50-day simple moving average is $195.35 and its 200-day simple moving average is $199.65.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company 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 company's revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value 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 represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Texas Instruments 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.