Cambridge Trust Co. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 42.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,248 shares of the semiconductor company’s stock after selling 15,826 shares during the period. Cambridge Trust Co.’s holdings in Texas Instruments were worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Vanguard Group Inc. raised its holdings in shares of Texas Instruments by 1.0% in the third quarter. Vanguard Group Inc. now owns 85,524,906 shares of the semiconductor company’s stock valued at $9,175,968,000 after buying an additional 807,808 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Texas Instruments by 1.0% in the third quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock valued at $9,175,968,000 after buying an additional 807,808 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Texas Instruments by 3.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 23,763,599 shares of the semiconductor company’s stock valued at $2,549,597,000 after buying an additional 811,931 shares during the last quarter. Capital International Investors raised its holdings in shares of Texas Instruments by 46.4% in the third quarter. Capital International Investors now owns 16,525,393 shares of the semiconductor company’s stock valued at $1,773,009,000 after buying an additional 5,240,065 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Texas Instruments by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 13,837,835 shares of the semiconductor company’s stock worth $1,484,661,000 after purchasing an additional 337,435 shares in the last quarter. Institutional investors own 86.92% of the company’s stock.
In other Texas Instruments news, insider Hagop H. Kozanian sold 7,800 shares of the stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $100.74, for a total value of $785,772.00. Following the completion of the transaction, the insider now directly owns 45,159 shares of the company’s stock, valued at $4,549,317.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Pamela H. Patsley sold 7,000 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $106.20, for a total transaction of $743,400.00. Following the completion of the transaction, the director now directly owns 37,160 shares of the company’s stock, valued at $3,946,392. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,295 shares of company stock valued at $16,651,930. 0.84% of the stock is currently owned by corporate insiders.
Shares of Texas Instruments stock opened at $104.76 on Tuesday. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $118.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38. The stock has a market capitalization of $100.42 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.98 and a beta of 1.17.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 11th. Shareholders of record on Thursday, January 31st were issued a $0.77 dividend. The ex-dividend date was Wednesday, January 30th. This represents a $3.08 dividend on an annualized basis and a yield of 2.94%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
Several research analysts recently issued reports on the stock. UBS Group cut their price target on shares of Texas Instruments from $93.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, October 24th. BMO Capital Markets cut their price target on shares of Texas Instruments from $138.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Sunday, January 13th. Finally, Loop Capital cut their price target on shares of Texas Instruments to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $108.74.
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Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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