64,250 Texas Instruments Incorporated $TXN Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,650 shares of the semiconductor company’s stock after selling 64,250 shares during the quarter. Texas Instruments comprises approximately 3.9% of Schwartz Investment Counsel Inc.’s investment portfolio, making the stock its 3rd biggest position. Schwartz Investment Counsel Inc.’s holdings in Texas Instruments were worth $113,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. grew its stake in Texas Instruments by 331.9% in the 3rd quarter. Center for Financial Planning Inc. now owns 406 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 312 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Texas Instruments by 2.8% in the 3rd quarter. Park Avenue Securities LLC now owns 25,695 shares of the semiconductor company’s stock valued at $7,197,000 after acquiring an additional 711 shares during the period. Insight Wealth Partners LLC raised its holdings in Texas Instruments by 27.6% in the 3rd quarter. Insight Wealth Partners LLC now owns 6,977 shares of the semiconductor company’s stock valued at $1,954,000 after acquiring an additional 1,508 shares during the period. Patton Albertson Miller Group LLC lifted its position in Texas Instruments by 23.1% during the third quarter. Patton Albertson Miller Group LLC now owns 1,317 shares of the semiconductor company’s stock worth $369,000 after acquiring an additional 247 shares during the last quarter. Finally, VUB Generali dochodkova spravcovska spolocnost a.s. lifted its position in Texas Instruments by 13.9% during the third quarter. VUB Generali dochodkova spravcovska spolocnost a.s. now owns 2,222 shares of the semiconductor company’s stock worth $622,000 after acquiring an additional 272 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TXN shares. TD Cowen reduced their price objective on Texas Instruments from $340.00 to $330.00 and set a “buy” rating for the company in a report on Monday, October 19th. Zacks Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 22nd. Susquehanna reissued a “positive” rating on shares of Texas Instruments in a report on Thursday, October 22nd. Sanford C. Bernstein lifted their price target on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley boosted their price target on Texas Instruments from $255.00 to $278.00 and gave the company an “underweight” rating in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $315.90.

Insider Buying and Selling

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the transaction, the vice president owned 23,181 shares in the company, valued at $6,134,388.03. This trade represents a 23.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Texas Instruments Trading Up 3.6%

Shares of Texas Instruments stock opened at $308.91 on Wednesday. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The company has a 50-day simple moving average of $273.30 and a two-hundred day simple moving average of $256.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. The business 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 company earned $1.48 EPS. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts predict that Texas Instruments Incorporated will post 8.85 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be given a dividend of $1.52 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 30th.

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

Texas Instruments 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.