Texas Instruments Incorporated $TXN Stock Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 404,650 shares of the semiconductor company’s stock after selling 64,250 shares during the quarter. Texas Instruments accounts for about 3.9% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 3rd biggest holding. Schwartz Investment Counsel Inc.’s holdings in Texas Instruments were worth $113,338,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TXN. Kilter Group LLC bought a new position in shares of Texas Instruments during the 2nd quarter worth approximately $31,000. Nvwm LLC lifted its position in shares of Texas Instruments by 550.0% in the third quarter. Nvwm LLC now owns 117 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 99 shares in the last quarter. Addison Advisors LLC bought a new stake in shares of Texas Instruments in the second quarter worth $38,000. Reyes Financial Architecture Inc. bought a new stake in shares of Texas Instruments in the third quarter worth $36,000. Finally, Caitlin John LLC acquired a new position in Texas Instruments during the second quarter worth $41,000. 84.99% of the stock is currently owned by institutional investors.

Trending Headlines about Texas Instruments

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Earnings beat and solid outlook: Texas Instruments reported third-quarter revenue of $6.055 billion and diluted EPS of $2.62, exceeding estimates of $5.94 billion and $2.40, respectively. Revenue increased 27.7% year over year. Fourth-quarter guidance of $5.80 billion-$6.30 billion in revenue and $2.45-$2.79 in EPS reinforced expectations for continued demand. Earnings Beat Might Change Texas Instruments Stock Narrative
• Positive Sentiment: Data-center demand remains strong: CEO commentary indicated that data-center demand is still growing rather than slowing, supporting optimism for TXN’s analog and embedded-chip businesses. Texas Instruments CEO sees no slowdown in data center demand
• Positive Sentiment: Analyst estimates and technical momentum improved: Earnings-estimate revisions moved higher, while TXN broke above its 20-day moving average and cleared an early technical buy point. These signals may attract momentum-oriented investors. Earnings Estimates Moving Higher for Texas Instruments
• Positive Sentiment: Institutional demand: Texas Instruments reportedly received $84.6 million in net ETF buying on October 23, providing an additional source of market support. Texas Instruments Sees $84.6 Million in Net ETF Buying

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TXN. Wells Fargo & Company decreased their target price on shares of Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 20th. Evercore reiterated an “outperform” rating and issued a $330.00 price target (up from $316.00) on shares of Texas Instruments in a research note on Thursday, July 23rd. Weiss Ratings cut shares of Texas Instruments from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. The Goldman Sachs Group restated a “sell” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Thursday, October 22nd. Finally, Benchmark raised their price objective on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $315.90.

Texas Instruments Price Performance

NASDAQ TXN opened at $308.91 on Wednesday. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The stock has a 50 day moving average of $273.30 and a 200-day moving average of $256.99.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Texas Instruments’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, equities analysts expect that Texas Instruments Incorporated will post 8.85 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.52 per share. The ex-dividend date is Friday, October 30th. This represents a $6.08 annualized dividend and a dividend yield of 2.0%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42.

Insider Buying and Selling at Texas Instruments

In other news, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $264.63, for a total value of $1,852,410.00. Following the sale, the vice president directly owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. This represents a 23.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

Texas Instruments Company Profile

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.