Davis Selected Advisers Has $495.01 Million Position in Texas Instruments Incorporated $TXN

Key Points

• Davis Selected Advisers increased its stake in Texas Instruments by 23.1% to 2,853,227 shares (about $495.01 million), making TXN its 16th-largest holding and 2.2% of the firm's portfolio.
• Texas Instruments beat Q1 EPS ($1.68 vs. $1.37) and issued Q2 guidance of roughly $5.0–$5.4B in revenue with $1.77–$2.05 EPS, spurring analysts to raise price targets.
• Significant insider selling (321,268 shares worth ≈$82.4M over three months) coincides with a $1.42 quarterly dividend (≈97.3% payout ratio), which may create near‑term selling pressure and raise dividend sustainability questions.

Davis Selected Advisers lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,853,227 shares of the semiconductor company's stock after purchasing an additional 535,819 shares during the period. Texas Instruments accounts for 2.2% of Davis Selected Advisers' portfolio, making the stock its 16th largest position. Davis Selected Advisers owned 0.31% of Texas Instruments worth $495,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Amundi raised its stake in shares of Texas Instruments by 61.0% during the third quarter. Amundi now owns 9,445,243 shares of the semiconductor company's stock worth $1,717,240,000 after buying an additional 3,580,147 shares during the last quarter. Invesco Ltd. raised its stake in shares of Texas Instruments by 16.8% during the third quarter. Invesco Ltd. now owns 16,435,001 shares of the semiconductor company's stock worth $3,019,603,000 after buying an additional 2,366,695 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Texas Instruments by 21.8% during the third quarter. Van ECK Associates Corp now owns 9,134,203 shares of the semiconductor company's stock worth $1,678,227,000 after buying an additional 1,635,870 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Texas Instruments during the third quarter worth approximately $282,492,000. Finally, Corient Private Wealth LLC raised its stake in shares of Texas Instruments by 94.9% during the second quarter. Corient Private Wealth LLC now owns 2,517,451 shares of the semiconductor company's stock worth $522,559,000 after buying an additional 1,225,524 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Trending Headlines about Texas Instruments

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

• Positive Sentiment: Q1 beat and constructive Q2 outlook — TXN reported an EPS beat for Q1 and set Q2 revenue of ~$5.0–$5.4B with EPS guidance $1.77–$2.05, signaling continued demand strength into the quarter. Texas Instruments (TXN) Sees Stable Pricing in Q2, Signals Possible H2 Increases
• Positive Sentiment: Analysts raising targets and reaffirming buy thesis — Several firms lifted price targets after the quarter, supporting momentum and institutional interest. Texas Instruments Incorporated NASDAQ: TXN Receives $257.68 Average PT from Analysts
• Positive Sentiment: Strategic edge‑AI partnership — A collaboration with Lattice to pair TI sensing tech with low‑latency sensor fusion broadens addressable markets in robotics/industrial edge AI. Is Lattice’s TI-Powered Real-Time Sensor Fusion Push Altering The Investment Case For Lattice Semiconductor?
• Neutral Sentiment: Momentum/technical breakout — Commentators note a steep multi‑week rally that has strengthened sentiment but raises cyclicality risk. Texas Instruments’ Breakout Was 5 Years in the Making. Does It Have Legs?
• Neutral Sentiment: Dividend supports income profile — TXN declared a $1.42 quarterly dividend (ex‑dividend May 5), attractive to income buyers but noted payout ratio is high.
• Negative Sentiment: Heavy insider selling — Multiple insiders disclosed large sales this week (including VP Mohammad Yunus’s ~51k‑share sale and reported senior exec/CFO sales), which can create short‑term selling pressure. Mohammad Yunus Sells 51,098 Shares of Texas Instruments NASDAQ: TXN Stock
• Negative Sentiment: Valuation and overbought warnings — Some market pieces flag the chip rally and high multiples as a risk, which may spur profit‑taking if momentum fades. 5 Overbought Tech Stocks to Sell for Profit

Texas Instruments Stock Down 0.1%

Shares of NASDAQ:TXN opened at $280.70 on Friday. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $287.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46. The company has a market capitalization of $255.46 billion, a PE ratio of 48.06, a PEG ratio of 1.42 and a beta of 1.01. The company has a 50 day moving average price of $212.93 and a two-hundred day moving average price of $193.66.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.31. Texas Instruments had a net margin of 29.11% and a return on equity of 32.49%. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The firm's revenue was up 18.6% compared to the same quarter last year. Texas Instruments has set its Q2 2026 guidance at 1.770-2.050 EPS. Analysts forecast that Texas Instruments Incorporated will post 7.6 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. Texas Instruments's dividend payout ratio is currently 97.26%.

Insider Activity at Texas Instruments

In other news, VP Mohammad Yunus sold 51,098 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $270.44, for a total transaction of $13,818,943.12. Following the completion of the sale, the vice president owned 52,856 shares of the company's stock, valued at $14,294,376.64. This represents a 49.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark T. Roberts sold 28,080 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $280.34, for a total transaction of $7,871,947.20. Following the sale, the vice president directly owned 53,809 shares of the company's stock, valued at $15,084,815.06. This represents a 34.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 321,268 shares of company stock valued at $82,391,712 over the last three months. Insiders own 0.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TXN shares. Sanford C. Bernstein reissued a "market perform" rating and set a $205.00 price target on shares of Texas Instruments in a research note on Wednesday, January 28th. Bank of America raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and upped their target price for the company from $235.00 to $320.00 in a research note on Thursday, April 23rd. TD Cowen upped their target price on shares of Texas Instruments from $250.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $227.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, April 23rd. Finally, Rosenblatt Securities upped their target price on shares of Texas Instruments from $240.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $257.68.

Texas Instruments Profile

Texas Instruments Inc NASDAQ: TXN is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company's products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI's business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI's product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.

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