Hanson & Doremus Investment Management Has $269,000 Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Hanson & Doremus Investment Management lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,495 shares of the semiconductor company’s stock after selling 341 shares during the period. Hanson & Doremus Investment Management’s holdings in Texas Instruments were worth $269,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments during the fourth quarter worth $28,000. Copia Wealth Management bought a new stake in Texas Instruments during the fourth quarter worth $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments in the first quarter valued at $34,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TXN. Sanford C. Bernstein upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 5th. Argus upgraded Texas Instruments to a “strong-buy” rating in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus reduced their target price on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Morgan Stanley reissued an “underweight” rating and set a $148.00 target price (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $190.55.

Texas Instruments Stock Up 2.2%

TXN opened at $199.22 on Tuesday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market capitalization of $180.99 billion, a P/E ratio of 38.39, a P/E/G ratio of 3.30 and a beta of 1.00. The stock has a fifty day moving average of $173.98 and a 200-day moving average of $181.90.

Texas Instruments (NASDAQ:TXN) last posted its earnings results 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. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. 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 currently 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.