Cambridge Financial Group Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,660 shares of the semiconductor company’s stock after selling 635 shares during the period. Texas Instruments makes up 3.4% of Cambridge Financial Group Inc.’s portfolio, making the stock its 18th biggest holding. Cambridge Financial Group Inc.’s holdings in Texas Instruments were worth $5,062,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. boosted its holdings in Texas Instruments by 34.0% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 14,806 shares of the semiconductor company’s stock valued at $1,899,000 after acquiring an additional 3,756 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Texas Instruments by 1.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 160,260 shares of the semiconductor company’s stock valued at $20,560,000 after buying an additional 2,300 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Texas Instruments by 1.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 123,755 shares of the semiconductor company’s stock valued at $15,877,000 after buying an additional 2,323 shares during the last quarter. Honkamp Krueger Financial Services Inc. raised its position in shares of Texas Instruments by 75.4% during the first quarter. Honkamp Krueger Financial Services Inc. now owns 17,439 shares of the semiconductor company’s stock valued at $1,743,000 after buying an additional 7,498 shares during the last quarter. Finally, Charles Schwab Trust Co acquired a new position in shares of Texas Instruments during the fourth quarter valued at about $200,000. Institutional investors own 86.02% of the company’s stock.
In other news, VP Ahmad Bahai sold 3,185 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $115.57, for a total transaction of $368,090.45. Following the sale, the vice president now directly owns 27,168 shares of the company’s stock, valued at $3,139,805.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.23. Texas Instruments had a net margin of 35.17% and a return on equity of 57.45%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. Texas Instruments’s revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Texas Instruments Incorporated will post 4.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 4th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.60 annualized dividend and a dividend yield of 3.17%. Texas Instruments’s dividend payout ratio (DPR) is currently 68.70%.
A number of research analysts have recently commented on the stock. Longbow Research assumed coverage on shares of Texas Instruments in a research report on Wednesday, April 22nd. They set a “neutral” rating for the company. Mizuho cut their price objective on shares of Texas Instruments from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Loop Capital lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and cut their price objective for the company from $145.00 to $108.00 in a research report on Wednesday, April 22nd. SunTrust Banks upped their price objective on shares of Texas Instruments from $109.00 to $114.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Finally, Rosenblatt Securities dropped their price target on shares of Texas Instruments from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. Texas Instruments currently has an average rating of “Hold” and an average price target of $123.13.
About Texas Instruments
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.
Featured Article: What strategies should day traders use to execute a trade?
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.