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

Hennessy Advisors Inc. decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% in the fourth quarter, according to its most recent 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 quarter. Hennessy Advisors Inc.’s holdings in Texas Instruments were worth $5,588,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after purchasing an additional 4,337,295 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Texas Instruments by 454.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock valued at $244,386,000 after buying an additional 1,029,741 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after buying an additional 782,053 shares during the period. International Assets Investment Management LLC lifted its stake in Texas Instruments by 17,253.3% in the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after acquiring an additional 609,905 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after acquiring an additional 487,892 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, Director Robert E. Sanchez sold 9,990 shares of the company’s 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 sale, the director now 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 through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on TXN. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Barclays decreased their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Robert W. Baird reduced their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price target on Texas Instruments in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $209.71.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $192.42 on Friday. The company has a market cap of $175.53 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 3.69 and a beta of 0.98. The business has a 50 day moving average price of $195.35 and a 200 day moving average price of $199.65. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.12 billion. During the same period in the prior year, the business earned $1.80 earnings per share. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. Texas Instruments’s payout ratio is 101.12%.

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.