Cambridge Financial Group Inc. Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cambridge Financial Group Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,093 shares of the semiconductor company’s stock after selling 920 shares during the quarter. Texas Instruments accounts for approximately 3.1% of Cambridge Financial Group Inc.’s holdings, making the stock its 22nd biggest position. Cambridge Financial Group Inc.’s holdings in Texas Instruments were worth $6,152,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments in the fourth quarter valued at $26,000. Annapolis Financial Services LLC boosted its position in shares of Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments during the 3rd quarter worth $25,000. Finally, AMH Equity Ltd purchased a new position in shares of Texas Instruments in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total transaction of $18,286,320.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $71,009,121.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 228,529 shares of company stock worth $40,502,458. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TXN. Mizuho upped their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $170.00 to $195.00 in a research note on Friday, January 19th. TD Cowen boosted their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Evercore ISI upped their target price on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $180.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Trading Up 1.8 %

NASDAQ TXN traded up $3.11 during mid-day trading on Friday, reaching $178.91. 4,545,090 shares of the stock were exchanged, compared to its average volume of 6,059,944. The stock has a market capitalization of $162.89 billion, a PE ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The business’s fifty day simple moving average is $170.68 and its 200 day simple moving average is $163.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The business’s revenue was down 16.4% on a year-over-year basis. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.91%. Texas Instruments’s dividend payout ratio is presently 81.12%.

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.