Bogart Wealth LLC Sells 9,063 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Bogart Wealth LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 29.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,574 shares of the semiconductor company's stock after selling 9,063 shares during the period. Bogart Wealth LLC's holdings in Texas Instruments were worth $3,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. Norges Bank bought a new stake in shares of Texas Instruments during the fourth quarter worth about $2,584,490,000. GAMMA Investing LLC grew its position in Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after purchasing an additional 3,406,386 shares in the last quarter. Invesco Ltd. grew its position in Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares in the last quarter. Northern Trust Corp grew its position in Texas Instruments by 12.2% in the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after purchasing an additional 1,132,187 shares in the last quarter. Finally, Capital International Investors grew its position in Texas Instruments by 26.3% in the 4th quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock worth $974,054,000 after purchasing an additional 1,080,782 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

Shares of TXN opened at $221.25 on Monday. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The company has a market cap of $201.00 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 3.60 and a beta of 1.03. The stock has a 50-day moving average price of $194.11 and a 200-day moving average price of $184.20.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is currently 103.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho upped their price objective on shares of Texas Instruments from $170.00 to $205.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Stifel Nicolaus reduced their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $202.08.

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.

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