Forte Capital LLC ADV Cuts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Forte Capital LLC ADV lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 43.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,861 shares of the semiconductor company's stock after selling 3,690 shares during the quarter. Forte Capital LLC ADV's holdings in Texas Instruments were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXN. Gerber Kawasaki Wealth & Investment Management boosted its stake in Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 56 shares during the period. Voya Financial Advisors Inc. raised its holdings in Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after buying an additional 58 shares during the period. Dunhill Financial LLC raised its holdings in Texas Instruments by 3.7% during the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after buying an additional 61 shares during the period. Prestige Wealth Management Group LLC increased its stake in Texas Instruments by 3.7% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock worth $327,000 after purchasing an additional 62 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in Texas Instruments by 2.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock worth $577,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 0.0%

NASDAQ TXN traded down $0.05 on Thursday, reaching $216.59. 4,919,370 shares of the company were exchanged, compared to its average volume of 6,463,651. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The business's fifty day moving average price is $197.45 and its 200 day moving average price is $184.86. The stock has a market capitalization of $196.77 billion, a P/E ratio of 41.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03. 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 (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The company's quarterly revenue was up 11.1% on a year-over-year basis. Analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.51%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley reissued an "underweight" rating and set a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Arete Research raised Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a report on Monday, April 7th. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Cantor Fitzgerald reduced their price target on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and an average price target of $203.53.

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.