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

Bogart Wealth LLC trimmed 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Woodmont Investment Counsel LLC boosted its holdings in Texas Instruments by 2.9% in the second quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 47 shares in the last quarter. Confluence Wealth Services Inc. lifted its position in shares of Texas Instruments by 0.4% in the second quarter. Confluence Wealth Services Inc. now owns 10,996 shares of the semiconductor company’s stock worth $2,283,000 after buying an additional 48 shares during the last quarter. Acropolis Investment Management LLC boosted its stake in shares of Texas Instruments by 2.9% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company’s stock worth $389,000 after acquiring an additional 52 shares in the last quarter. Proathlete Wealth Management LLC increased its holdings in shares of Texas Instruments by 1.4% during the 2nd quarter. Proathlete Wealth Management LLC now owns 3,747 shares of the semiconductor company’s stock valued at $782,000 after acquiring an additional 53 shares during the last quarter. Finally, Trivium Point Advisory LLC raised its stake in shares of Texas Instruments by 4.5% in the 1st quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock valued at $226,000 after acquiring an additional 54 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 business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the sale, the vice president directly owned 38,883 shares in the company, valued at approximately $7,984,624.05. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN opened at $179.59 on Tuesday. The company’s fifty day moving average is $187.17 and its two-hundred day moving average is $185.96. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The firm has a market capitalization of $163.27 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 2.99 and a beta of 1.01.

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

Texas Instruments Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on TXN. Benchmark reaffirmed a “buy” rating and set a $220.00 target price on shares of Texas Instruments in a research report on Monday, September 8th. Arete began coverage on shares of Texas Instruments in a research note on Thursday, June 26th. They issued a “neutral” rating and a $203.80 price objective for the company. Wells Fargo & Company lowered their target price on shares of Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $195.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus decreased their price target on shares of Texas Instruments from $192.00 to $185.00 and set a “hold” rating for the company in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $209.47.

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.