Bogart Wealth LLC Has $182,000 Position in Texas Instruments Incorporated $TXN

Bogart Wealth LLC lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 95.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 877 shares of the semiconductor company’s stock after selling 20,697 shares during the period. Bogart Wealth LLC’s holdings in Texas Instruments were worth $182,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC boosted its stake in Texas Instruments by 10.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock valued at $11,462,000 after buying an additional 6,267 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of Texas Instruments by 4.8% during the first quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock valued at $4,795,000 after acquiring an additional 1,232 shares during the period. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter valued at $326,000. Farther Finance Advisors LLC grew its holdings in shares of Texas Instruments by 34.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 16,363 shares of the semiconductor company’s stock worth $3,397,000 after purchasing an additional 4,191 shares during the last quarter. Finally, Generate Investment Management Ltd increased its position in shares of Texas Instruments by 40.0% during the 2nd quarter. Generate Investment Management Ltd now owns 87,796 shares of the semiconductor company’s stock worth $18,228,000 after purchasing an additional 25,105 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the transaction, the vice president directly owned 38,883 shares in the company, valued at $7,984,624.05. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by company insiders.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $179.59 on Tuesday. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The stock has a market capitalization of $163.27 billion, a P/E ratio of 32.89, a P/E/G ratio of 2.99 and a beta of 1.01. The business has a 50-day moving average price of $187.17 and a two-hundred day moving average price of $185.96.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. The company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. Texas Instruments’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. Equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio is presently 99.63%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TXN shares. Susquehanna cut their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Tuesday, July 22nd. TD Cowen cut their target price on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Robert W. Baird increased their price target on Texas Instruments from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Citigroup cut their price objective on Texas Instruments from $260.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Finally, Seaport Res Ptn raised Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $209.47.

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.