Haverford Trust Co Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Haverford Trust Co raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 578,669 shares of the semiconductor company’s stock after buying an additional 3,087 shares during the quarter. Haverford Trust Co owned approximately 0.06% of Texas Instruments worth $108,506,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Woodmont Investment Counsel LLC increased its stake in Texas Instruments by 8.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 1,406 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 106 shares during the last quarter. United Services Automobile Association increased its position in shares of Texas Instruments by 0.9% during the 4th quarter. United Services Automobile Association now owns 21,155 shares of the semiconductor company’s stock worth $3,967,000 after purchasing an additional 187 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in Texas Instruments in the 4th quarter valued at about $132,000. Vanguard Group Inc. boosted its stake in Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after buying an additional 649,620 shares during the period. Finally, Napatree Capital LLC increased its position in shares of Texas Instruments by 10.4% during the fourth quarter. Napatree Capital LLC now owns 1,441 shares of the semiconductor company’s stock valued at $270,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade 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 in the last 90 days. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on TXN. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho cut their price target 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 objective on shares of Texas Instruments in a report on Tuesday, January 21st. Truist Financial dropped their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Barclays decreased their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

NASDAQ TXN opened at $179.00 on Monday. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $162.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a 50 day moving average price of $187.47 and a two-hundred day moving average price of $195.27.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.49 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.04%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Texas Instruments 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.