Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Raised by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 494,490 shares of the semiconductor company’s stock after acquiring an additional 10,000 shares during the period. Texas Instruments accounts for 3.3% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 3rd biggest position. Schwartz Investment Counsel Inc.’s holdings in Texas Instruments were worth $92,722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TXN. Assenagon Asset Management S.A. raised its position in shares of Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after acquiring an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after acquiring an additional 782,053 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Texas Instruments by 17,253.3% in the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after acquiring an additional 609,905 shares during the period. Geode Capital Management LLC boosted its position in Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after purchasing an additional 487,892 shares during the period. Finally, State Street Corp boosted its holdings in shares of Texas Instruments by 0.9% during the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after acquiring an additional 391,306 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

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

Analyst Ratings Changes

A number of brokerages recently issued reports on TXN. Barclays decreased their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Bank of America decreased their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Robert W. Baird dropped their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

NASDAQ TXN opened at $179.25 on Wednesday. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The stock’s 50-day moving average price is $189.32 and its two-hundred day moving average price is $197.91. The company has a market cap of $163.52 billion, a PE ratio of 34.54, a PEG ratio of 2.95 and a beta of 0.97. 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 (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 prior year, the firm posted $1.49 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.38 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.03%. Texas Instruments’s dividend payout ratio is 104.82%.

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.