Bangor Savings Bank Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Bangor Savings Bank raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 812 shares of the semiconductor company’s stock after buying an additional 98 shares during the period. Bangor Savings Bank’s holdings in Texas Instruments were worth $152,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TXN. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments during the 3rd quarter worth approximately $28,000. Tsfg LLC boosted its stake in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments during the third quarter worth approximately $39,000. FSA Wealth Management LLC bought a new stake in shares of Texas Instruments in the third quarter worth $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments in the third quarter valued at $43,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TXN shares. Morgan Stanley raised their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Robert W. Baird reduced their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $210.05.

Texas Instruments Stock Up 0.0 %

TXN stock opened at $192.21 on Wednesday. The firm’s 50-day moving average is $197.58 and its two-hundred day moving average is $199.84. The company has a market capitalization of $175.34 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.83%. Texas Instruments’s payout ratio is 101.12%.

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.