Haverford Financial Services Inc. Has $8.10 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Haverford Financial Services Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,626 shares of the semiconductor company’s stock after selling 1,643 shares during the quarter. Texas Instruments comprises 2.4% of Haverford Financial Services Inc.’s portfolio, making the stock its 21st biggest position. Haverford Financial Services Inc.’s holdings in Texas Instruments were worth $8,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TXN. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the 4th quarter valued at about $26,000. Westend Capital Management LLC bought a new position in shares of Texas Instruments during the 1st quarter valued at about $31,000. Norwood Financial Corp bought a new position in shares of Texas Instruments during the 1st quarter valued at about $32,000. Finally, Fortis Group Advisors LLC lifted its holdings in shares of Texas Instruments by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 98 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TXN shares. Truist Financial cut their price objective on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, July 24th. KeyCorp lifted their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their target price on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $204.67.

Texas Instruments Stock Down 0.3 %

TXN stock opened at $200.71 on Thursday. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $183.26 billion, a PE ratio of 31.31, a PEG ratio of 4.31 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The business’s 50 day simple moving average is $200.60 and its 200 day simple moving average is $189.50.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the firm earned $1.87 EPS. The firm’s revenue was down 15.6% compared to the same quarter last year. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.