Hennessy Advisors Inc. Has $5.59 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Hennessy Advisors Inc. lessened its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,800 shares of the semiconductor company's stock after selling 1,766 shares during the period. Hennessy Advisors Inc.'s holdings in Texas Instruments were worth $5,588,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the 3rd quarter worth $28,000. Tsfg LLC lifted its holdings in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in Texas Instruments in the 3rd quarter valued at about $39,000. FSA Wealth Management LLC acquired a new position in Texas Instruments during the 3rd quarter valued at about $41,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter worth about $43,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Up 2.7 %

Texas Instruments stock traded up $5.05 during mid-day trading on Friday, hitting $192.42. The company's stock had a trading volume of 5,388,038 shares, compared to its average volume of 4,167,320. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The company has a market cap of $175.53 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The firm's 50 day moving average is $194.79 and its 200 day moving average is $199.64.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $4.12 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. The firm's revenue was down 8.4% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders 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 dividend 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 Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction that occurred on 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 sale, the director now directly owns 20,461 shares of the company's stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Benchmark reiterated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Mizuho set a $200.00 target price on Texas Instruments in a research note on Friday, October 18th. Finally, Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $209.71.

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.