Cambridge Financial Group Inc. Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Cambridge Financial Group Inc. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 40,692 shares of the semiconductor company's stock, valued at approximately $7,630,000. Texas Instruments accounts for approximately 3.2% of Cambridge Financial Group Inc.'s investment portfolio, making the stock its 17th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments in the 3rd quarter valued at about $202,000. FMR LLC boosted its holdings in Texas Instruments by 4.1% in the third quarter. FMR LLC now owns 2,702,653 shares of the semiconductor company's stock valued at $558,287,000 after acquiring an additional 106,002 shares during the last quarter. CreativeOne Wealth LLC increased its stake in shares of Texas Instruments by 51.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 6,820 shares of the semiconductor company's stock valued at $1,409,000 after acquiring an additional 2,319 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Texas Instruments by 8.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 186,682 shares of the semiconductor company's stock worth $38,563,000 after purchasing an additional 14,249 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Texas Instruments by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 40,108 shares of the semiconductor company's stock worth $8,285,000 after acquiring an additional 5,100 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

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Texas Instruments Stock Performance

TXN traded up $0.57 on Wednesday, reaching $178.56. 1,506,912 shares of the stock were exchanged, compared to its average volume of 5,720,397. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market capitalization of $162.47 billion, a PE ratio of 34.40, a PEG ratio of 3.30 and a beta of 0.98. The company's 50-day moving average price is $185.85 and its 200 day moving average price is $194.36.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the business posted $1.49 earnings per share. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

Analyst Upgrades and Downgrades

TXN has been the topic of several analyst reports. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Barclays cut their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Mizuho lowered their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Truist Financial decreased their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $209.20.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 over the last ninety days. Company insiders own 0.57% of the company's stock.

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.