Hennion & Walsh Asset Management Inc. Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Hennion & Walsh Asset Management Inc. lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,592 shares of the semiconductor company’s stock after selling 988 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Texas Instruments were worth $2,982,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Promus Capital LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth about $25,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth about $28,000. Copia Wealth Management purchased a new position in shares of Texas Instruments in the fourth quarter worth about $30,000. Finally, Atala Financial Inc purchased a new position in shares of Texas Instruments in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TXN shares. Wells Fargo & Company cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective for the company in a research report on Friday, April 25th. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Truist Financial cut their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $189.41.

Texas Instruments Trading Up 1.4%

Shares of Texas Instruments stock opened at $190.72 on Thursday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The firm has a market cap of $173.26 billion, a PE ratio of 36.75, a PEG ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a 50 day simple moving average of $168.37 and a two-hundred day simple moving average of $182.34.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. Analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.85%. Texas Instruments’s payout ratio is 103.23%.

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.