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

Haverford Trust Co grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 578,669 shares of the semiconductor company's stock after buying an additional 3,087 shares during the period. Haverford Trust Co owned 0.06% of Texas Instruments worth $108,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Vanguard Group Inc. increased its stake in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after acquiring an additional 649,620 shares during the last quarter. State Street Corp increased its position in shares of Texas Instruments by 0.9% in the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock worth $8,609,679,000 after purchasing an additional 391,306 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Geode Capital Management LLC lifted its position in Texas Instruments by 2.3% during the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock valued at $4,382,936,000 after purchasing an additional 487,892 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Texas Instruments by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company's stock worth $1,605,861,000 after buying an additional 124,712 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $80,872,804.41. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company's 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 transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This 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 three months. Company insiders own 0.57% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TXN. Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Benchmark reissued a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Mizuho cut their target price on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $209.20.

Texas Instruments Trading Down 2.5 %

Shares of NASDAQ:TXN traded down $4.43 on Friday, hitting $176.33. The company had a trading volume of 5,490,538 shares, compared to its average volume of 5,708,235. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year 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 firm's 50-day simple moving average is $186.45 and its two-hundred day simple moving average is $194.71. The firm has a market capitalization of $160.45 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) 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. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm 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 3.09%. Texas Instruments's payout ratio is 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.