Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,186 shares of the semiconductor company’s stock after acquiring an additional 4,969 shares during the period. Hennessy Advisors Inc.’s holdings in Texas Instruments were worth $5,607,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments in the fourth quarter worth about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TXN shares. Susquehanna lifted their price objective on shares of Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. Cantor Fitzgerald upped their target price on shares of Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Citigroup upped their price objective on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Barclays upped their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, May 20th. Finally, Benchmark increased their price objective on shares of Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, June 21st. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus target price of $183.43.

Texas Instruments Stock Up 0.2 %

Texas Instruments stock traded up $0.33 during mid-day trading on Thursday, reaching $193.43. The stock had a trading volume of 3,873,515 shares, compared to its average volume of 5,550,382. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The company has a market capitalization of $176.11 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 4.21 and a beta of 1.00. The company has a 50-day moving average price of $188.97 and a two-hundred day moving average price of $174.79.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.69%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Buying and Selling

In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 over the last three months. 0.68% of the stock is owned by insiders.

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.