Cambridge Trust Co. Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Cambridge Trust Co. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 32.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,518 shares of the semiconductor company’s stock after selling 2,157 shares during the quarter. Cambridge Trust Co.’s holdings in Texas Instruments were worth $770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after purchasing an additional 458,853 shares during the period. State Street Corp lifted its stake in Texas Instruments by 1.9% in the first quarter. State Street Corp now owns 37,818,973 shares of the semiconductor company’s stock worth $7,034,694,000 after purchasing an additional 721,775 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after buying an additional 839,964 shares during the period. Morgan Stanley boosted its position in shares of Texas Instruments by 54.4% during the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after buying an additional 5,191,426 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after buying an additional 315,302 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 1.0 %

Shares of NASDAQ:TXN opened at $162.07 on Friday. The company has a market capitalization of $147.49 billion, a PE ratio of 23.18, a P/E/G ratio of 3.56 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The business’s fifty day simple moving average is $168.16 and its 200-day simple moving average is $161.72.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TXN. Cantor Fitzgerald raised their price target on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Susquehanna lowered their target price on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Evercore ISI initiated coverage on shares of Texas Instruments in a report on Tuesday. They issued an “outperform” rating and a $213.00 price target on the stock. Barclays decreased 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. Finally, TD Cowen upped their target price on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $176.68.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by company insiders.

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.