Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 32.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,518 shares of the semiconductor company’s stock after selling 2,157 shares during the period. Cambridge Trust Co.’s holdings in Texas Instruments were worth $770,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Annapolis Financial Services LLC raised its holdings in shares of Texas Instruments by 333.3% in the 3rd 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 purchased a new position in Texas Instruments in the third quarter valued at $25,000. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments in the fourth quarter valued at $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments during the 4th quarter worth about $26,000. Finally, Riverview Trust Co boosted its position in shares of Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insiders Place Their Bets

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

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $162.07 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The business’s fifty day moving average price is $168.16 and its two-hundred day moving average price is $161.72. The stock has a market cap of $147.49 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Mizuho cut their target price on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Truist Financial reduced their price objective on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Susquehanna cut their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. KeyCorp upped their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, TD Cowen lifted their target price on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $176.68.

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.