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

Cambridge Financial Group Inc. lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,093 shares of the semiconductor company’s stock after selling 920 shares during the quarter. Texas Instruments makes up 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 quarter.

Several other institutional investors have also recently made changes to their positions in TXN. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments in the fourth quarter worth about $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Annapolis Financial Services LLC lifted its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new position in shares of Texas Instruments in the third quarter worth approximately $25,000. Finally, AMH Equity Ltd purchased a new stake in shares of Texas Instruments in the third quarter worth $32,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.8 %

Shares of TXN traded up $3.11 during mid-day trading on Friday, hitting $178.91. The company’s stock had a trading volume of 4,545,090 shares, compared to its average volume of 6,059,944. The firm has a market capitalization of $162.89 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01. The company’s 50-day moving average is $170.68 and its 200-day moving average is $163.12. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

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

Texas Instruments Announces Dividend

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

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, 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 is accessible through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 228,529 shares of company stock valued at $40,502,458 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the topic of several recent analyst reports. Truist Financial lifted their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Benchmark reaffirmed a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Morgan Stanley lifted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Finally, Barclays dropped their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $180.74.

About Texas Instruments

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.