Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,085 shares of the semiconductor company’s stock after selling 433 shares during the quarter. Cambridge Trust Co.’s holdings in Texas Instruments were worth $712,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Norges Bank purchased a new position in Texas Instruments in the fourth quarter valued at approximately $1,649,592,000. Van ECK Associates Corp grew its position in shares of Texas Instruments by 54.3% during the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after acquiring an additional 1,972,304 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares during the last quarter. Finally, Capital Research Global Investors grew its position in shares of Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after acquiring an additional 1,279,828 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TXN shares. Wells Fargo & Company started coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 target price on the stock. KeyCorp lifted their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird lifted their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $198.64.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $5.87 during midday trading on Friday, hitting $187.46. 8,050,367 shares of the stock were exchanged, compared to its average volume of 5,589,131. The stock has a market cap of $171.16 billion, a P/E ratio of 29.24, a PEG ratio of 4.21 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The company has a 50 day moving average price of $197.84 and a 200-day moving average price of $180.87.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.