Cambridge Trust Co. Sells 433 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cambridge Trust Co. trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,085 shares of the semiconductor company’s stock after selling 433 shares during the period. Cambridge Trust Co.’s holdings in Texas Instruments were worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXN. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments during the fourth quarter worth $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Texas Instruments during the fourth quarter worth $31,000. Finally, Westend Capital Management LLC acquired a new position in shares of Texas Instruments during the first quarter worth $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TXN. Susquehanna upped their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price objective on the stock. Jefferies Financial Group upped their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Rosenblatt Securities upped their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, KeyCorp upped their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $198.64.

Texas Instruments Trading Down 3.0 %

NASDAQ:TXN traded down $5.87 during trading hours on Friday, reaching $187.46. The company’s stock had a trading volume of 8,050,367 shares, compared to its average volume of 5,589,131. The firm has a market capitalization of $171.16 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 4.21 and a beta of 0.99. The firm has a 50-day simple moving average of $197.84 and a 200-day simple moving average of $180.87. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $210.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.87 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be given 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 is Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 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.