Haverford Financial Services Inc. Lowers Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Haverford Financial Services Inc. has reduced its stake in Texas Instruments by 4.2%, selling 1,614 shares, bringing its total holdings to 36,664 shares valued at approximately $6.59 million.
• Several research firms have adjusted their ratings on Texas Instruments, with Wells Fargo decreasing its price target to $195 and JPMorgan Chase raising it to $225, indicating varied outlooks among analysts.
• Texas Instruments has declared a quarterly dividend of $1.36, yielding 3.0%, with a payout ratio of 99.63%, marking a strong commitment to returning value to shareholders.

Haverford Financial Services Inc. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,664 shares of the semiconductor company's stock after selling 1,614 shares during the period. Texas Instruments accounts for approximately 2.0% of Haverford Financial Services Inc.'s portfolio, making the stock its 26th largest position. Haverford Financial Services Inc.'s holdings in Texas Instruments were worth $6,589,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Clearstead Trust LLC boosted its stake in shares of Texas Instruments by 221.8% during the first quarter. Clearstead Trust LLC now owns 679 shares of the semiconductor company's stock worth $122,000 after buying an additional 468 shares during the period. Raiffeisen Bank International AG boosted its stake in shares of Texas Instruments by 11.5% during the first quarter. Raiffeisen Bank International AG now owns 48,974 shares of the semiconductor company's stock worth $8,636,000 after buying an additional 5,043 shares during the period. Argent Trust Co boosted its stake in shares of Texas Instruments by 2.3% during the first quarter. Argent Trust Co now owns 28,874 shares of the semiconductor company's stock worth $5,189,000 after buying an additional 646 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in Texas Instruments by 30.0% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 13,000 shares of the semiconductor company's stock worth $2,336,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Texas Instruments by 6.7% during the first quarter. Manchester Capital Management LLC now owns 3,975 shares of the semiconductor company's stock worth $714,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $245.00 price target on shares of Texas Instruments in a report on Wednesday, July 23rd. Seaport Res Ptn raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. UBS Group set a $255.00 price target on shares of Texas Instruments in a report on Tuesday, July 22nd. Citigroup reissued a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, Robert W. Baird increased their price target on shares of Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Price Performance

Shares of TXN traded up $2.67 during mid-day trading on Tuesday, reaching $185.40. 5,759,190 shares of the company's stock were exchanged, compared to its average volume of 7,874,299. The company has a market cap of $168.55 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 3.00 and a beta of 1.03. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The company has a 50-day simple moving average of $200.73 and a two-hundred day simple moving average of $185.17.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. The firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. Texas Instruments's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's payout ratio is presently 99.63%.

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.