Hanson & Doremus Investment Management Sells 341 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Hanson & Doremus Investment Management trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,495 shares of the semiconductor company’s stock after selling 341 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Texas Instruments were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments during the first quarter worth approximately $34,000. 84.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Benchmark cut their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. TD Securities restated a “hold” rating and issued a $160.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $216.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $190.55.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $199.22 on Tuesday. The company has a fifty day moving average price of $173.98 and a 200 day moving average price of $181.90. The firm has a market cap of $180.99 billion, a PE ratio of 38.39, a PEG ratio of 3.30 and a beta of 1.00. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39.

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

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

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.