Bar Harbor Wealth Management Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bar Harbor Wealth Management lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,627 shares of the semiconductor company’s stock after selling 437 shares during the period. Bar Harbor Wealth Management’s holdings in Texas Instruments were worth $1,550,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mizuho Securities USA LLC boosted its position in shares of Texas Instruments by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock worth $16,212,000 after purchasing an additional 27,251 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Texas Instruments in the 4th quarter valued at approximately $6,544,000. Banque Pictet & Cie SA lifted its holdings in shares of Texas Instruments by 0.9% during the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company’s stock valued at $412,086,000 after buying an additional 18,650 shares during the period. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Texas Instruments by 17.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock valued at $961,000 after buying an additional 778 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in Texas Instruments by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock worth $67,276,000 after purchasing an additional 7,500 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TXN. Mizuho set a $170.00 price target on Texas Instruments in a research note on Thursday, April 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Morgan Stanley restated an “underweight” rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Sanford C. Bernstein upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 5th. Finally, Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective for the company in a research report on Monday, April 7th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $189.86.

Texas Instruments Stock Performance

Texas Instruments stock opened at $195.00 on Friday. The company has a 50 day moving average price of $172.92 and a 200-day moving average price of $182.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a market capitalization of $177.15 billion, a PE ratio of 37.57, a P/E/G ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results 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. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

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.