Haverford Trust Co Sells 3,270 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Haverford Trust Co cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 575,582 shares of the semiconductor company's stock after selling 3,270 shares during the period. Haverford Trust Co owned 0.06% of Texas Instruments worth $118,898,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors grew its stake in shares of Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company's stock valued at $5,002,522,000 after buying an additional 1,279,828 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the period. International Assets Investment Management LLC boosted its position in Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company's stock worth $126,718,000 after purchasing an additional 609,905 shares during the period. Vanguard Group Inc. boosted its position in Texas Instruments by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company's stock worth $15,778,648,000 after purchasing an additional 536,206 shares during the period. Finally, National Bank of Canada FI boosted its position in Texas Instruments by 234.1% in the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company's stock valued at $144,423,000 after buying an additional 520,073 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and increased their price objective for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Barclays reduced their target price on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. Stifel Nicolaus increased their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. Finally, KeyCorp lifted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $206.95.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $6.29 during midday trading on Wednesday, hitting $206.49. The stock had a trading volume of 3,300,151 shares, compared to its average volume of 5,484,809. The company's 50-day moving average price is $204.20 and its 200-day moving average price is $199.21. The company has a market capitalization of $188.36 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a fifty-two week low of $148.91 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company posted $1.80 EPS. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

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.