Texas Instruments Incorporated (NASDAQ:TXN) is Schwartz Investment Counsel Inc.’s 3rd Largest Position

Schwartz Investment Counsel Inc. lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 494,490 shares of the semiconductor company’s stock after acquiring an additional 10,000 shares during the period. Texas Instruments accounts for about 3.3% of Schwartz Investment Counsel Inc.’s holdings, making the stock its 3rd biggest position. Schwartz Investment Counsel Inc. owned approximately 0.05% of Texas Instruments worth $92,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Portfolio Design Labs LLC raised its stake in Texas Instruments by 19.3% during the 4th quarter. Portfolio Design Labs LLC now owns 11,815 shares of the semiconductor company’s stock valued at $2,215,000 after acquiring an additional 1,910 shares during the last quarter. Augustine Asset Management Inc. grew its position in Texas Instruments by 5.2% in the 4th quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company’s stock valued at $226,000 after buying an additional 60 shares during the last quarter. Sovran Advisors LLC purchased a new position in Texas Instruments during the 4th quarter worth $481,000. Stonebridge Financial Group LLC acquired a new stake in shares of Texas Instruments in the 4th quarter worth $96,000. Finally, Cambiar Investors LLC boosted its holdings in shares of Texas Instruments by 9.2% in the fourth quarter. Cambiar Investors LLC now owns 311,644 shares of the semiconductor company’s stock valued at $58,436,000 after acquiring an additional 26,177 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Bank of America dropped their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

NASDAQ TXN opened at $179.25 on Wednesday. The business’s 50-day moving average price is $189.32 and its 200 day moving average price is $197.91. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a market capitalization of $163.52 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 in the previous year, the firm earned $1.49 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 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.