Haverford Trust Co Buys 3,087 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Haverford Trust Co increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 578,669 shares of the semiconductor company’s stock after acquiring an additional 3,087 shares during the period. Haverford Trust Co’s holdings in Texas Instruments were worth $108,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments during the third quarter valued at $202,000. Quest Partners LLC acquired a new stake in shares of Texas Instruments during the third quarter worth $226,000. Nicolet Advisory Services LLC raised its stake in Texas Instruments by 5.4% during the third quarter. Nicolet Advisory Services LLC now owns 2,684 shares of the semiconductor company’s stock worth $541,000 after buying an additional 138 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in Texas Instruments by 5.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,337 shares of the semiconductor company’s stock worth $483,000 after acquiring an additional 111 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Texas Instruments by 8.0% in the 3rd quarter. Cerity Partners LLC now owns 378,141 shares of the semiconductor company’s stock worth $78,112,000 after acquiring an additional 27,867 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value 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 trade represents a 35.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

TXN has been the topic of several research reports. Barclays dropped 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 report on Friday, January 24th. Truist Financial decreased their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $179.00 on Monday. The stock has a market cap of $162.88 billion, a PE ratio of 34.49, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39. The company’s fifty day moving average is $187.47 and its 200 day moving average is $195.27. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data 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 net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the firm earned $1.49 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 annualized dividend and a dividend yield of 3.04%. Texas Instruments’s payout ratio is currently 104.82%.

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.