Haverford Trust Co Sells 122,844 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Haverford Trust Co reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 485,196 shares of the semiconductor company's stock after selling 122,844 shares during the quarter. Haverford Trust Co owned about 0.05% of Texas Instruments worth $82,706,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Briaud Financial Planning Inc purchased a new position in shares of Texas Instruments in the third quarter worth $25,000. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the fourth quarter valued at about $25,000. Life Planning Partners Inc purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $31,000. Finally, AMH Equity Ltd purchased a new position in shares of Texas Instruments in the third quarter valued at about $32,000. 84.99% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company's stock, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 in the last ninety days. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Stock Up 0.0 %

Shares of Texas Instruments stock traded up $0.05 during trading hours on Friday, reaching $195.02. 4,533,879 shares of the company were exchanged, compared to its average volume of 5,613,481. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $196.55. The stock's fifty day moving average is $174.06 and its 200 day moving average is $165.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The firm has a market cap of $177.56 billion, a PE ratio of 30.42, a PEG ratio of 4.20 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company posted $1.85 earnings per share. The business's quarterly revenue was down 16.4% compared to the same quarter last year. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.17 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.67%. Texas Instruments's payout ratio is 81.12%.

Wall Street Analyst Weigh In

TXN has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday, April 24th. Benchmark reiterated a "buy" rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Jefferies Financial Group downgraded Texas Instruments from a "buy" rating to a "hold" rating and decreased their price objective for the company from $200.00 to $175.00 in a research report on Monday. UBS Group upgraded Texas Instruments from a "neutral" rating to a "buy" rating and upped their price objective for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, KeyCorp upped their target price on Texas Instruments from $180.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $180.57.

About Texas Instruments

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.

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