Bogart Wealth LLC Has $409,000 Stake in Texas Instruments Incorporated (TXN)

Bogart Wealth LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 513.6% during the fourth quarter, Holdings Channel reports. The fund owned 3,915 shares of the semiconductor company’s stock after purchasing an additional 3,277 shares during the period. Bogart Wealth LLC’s holdings in Texas Instruments were worth $409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Highland Private Wealth Management boosted its stake in Texas Instruments by 0.8% during the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 25 shares during the period. Hudock Capital Group LLC boosted its stake in Texas Instruments by 1.3% during the 2nd quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 26 shares during the period. Carret Asset Management LLC boosted its stake in Texas Instruments by 0.7% during the 2nd quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock valued at $465,000 after purchasing an additional 43 shares during the period. C M Bidwell & Associates Ltd. boosted its stake in Texas Instruments by 0.9% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock valued at $388,000 after purchasing an additional 45 shares during the period. Finally, RNC Capital Management LLC boosted its stake in Texas Instruments by 0.7% during the 2nd quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock valued at $606,000 after purchasing an additional 55 shares during the period. 83.82% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP R Gregory Delagi sold 61,250 shares of Texas Instruments stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $96.75, for a total value of $5,925,937.50. Following the completion of the sale, the vice president now directly owns 189,234 shares of the company’s stock, valued at approximately $18,308,389.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Blinn sold 16,990 shares of Texas Instruments stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the completion of the sale, the director now directly owns 18,495 shares of the company’s stock, valued at $1,783,657.80. The disclosure for this sale can be found here. Insiders sold a total of 1,362,293 shares of company stock valued at $131,754,396 over the last three months. Insiders own 0.96% of the company’s stock.

Shares of Texas Instruments Incorporated (TXN) opened at $109.70 on Thursday. Texas Instruments Incorporated has a twelve month low of $73.87 and a twelve month high of $110.98. The firm has a market capitalization of $108,120.00, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.49 and a beta of 1.27. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $0.94 EPS. equities analysts anticipate that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.

Texas Instruments declared that its board has initiated a stock buyback program on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

A number of brokerages have commented on TXN. BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 20th. Credit Suisse Group reiterated an “outperform” rating and issued a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Deutsche Bank raised their price objective on Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Drexel Hamilton reiterated a “buy” rating and issued a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $95.51.

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Texas Instruments Profile

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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