Texas Instruments Incorporated $TXN is Schwartz Investment Counsel Inc.’s 5th Largest Position

Schwartz Investment Counsel Inc. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 488,900 shares of the semiconductor company’s stock after acquiring an additional 110 shares during the period. Texas Instruments makes up about 3.3% of Schwartz Investment Counsel Inc.’s investment portfolio, making the stock its 5th biggest position. Schwartz Investment Counsel Inc. owned approximately 0.05% of Texas Instruments worth $101,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Private Wealth Services LLC grew its holdings in shares of Texas Instruments by 10.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock worth $11,462,000 after acquiring an additional 6,267 shares during the period. Independent Advisor Alliance grew its holdings in shares of Texas Instruments by 4.8% in the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock worth $4,795,000 after acquiring an additional 1,232 shares during the period. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter worth approximately $326,000. Farther Finance Advisors LLC grew its holdings in shares of Texas Instruments by 34.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 16,363 shares of the semiconductor company’s stock worth $3,397,000 after acquiring an additional 4,191 shares during the period. Finally, Generate Investment Management Ltd grew its holdings in shares of Texas Instruments by 40.0% in the 2nd quarter. Generate Investment Management Ltd now owns 87,796 shares of the semiconductor company’s stock worth $18,228,000 after acquiring an additional 25,105 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $179.59 on Tuesday. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The stock’s fifty day simple moving average is $187.17 and its 200-day simple moving average is $185.96. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $163.27 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 2.99 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%.The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.2%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, October 31st. Texas Instruments’s payout ratio is 99.63%.

Analysts Set New Price Targets

A number of brokerages have commented on TXN. Seaport Res Ptn upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. DZ Bank reiterated a “sell” rating and set a $158.00 target price on shares of Texas Instruments in a report on Wednesday, July 23rd. Arete Research upgraded Texas Instruments to a “hold” rating in a report on Thursday, June 26th. Finally, BNP Paribas upgraded Texas Instruments to a “strong sell” rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.47.

Insider Activity

In related news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the transaction, the vice president directly owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.57% of the stock is owned by company insiders.

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.