Schwartz Investment Counsel Inc. Has $87.84 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Schwartz Investment Counsel Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 488,790 shares of the semiconductor company's stock after selling 5,700 shares during the period. Texas Instruments comprises approximately 3.0% of Schwartz Investment Counsel Inc.'s investment portfolio, making the stock its 5th largest holding. Schwartz Investment Counsel Inc. owned 0.05% of Texas Instruments worth $87,836,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in Texas Instruments by 14.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after purchasing an additional 17,840 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in Texas Instruments in the fourth quarter worth $1,875,000. Verus Capital Partners LLC grew its stake in Texas Instruments by 5.3% in the 4th quarter. Verus Capital Partners LLC now owns 1,478 shares of the semiconductor company's stock valued at $277,000 after purchasing an additional 75 shares during the period. Finally, Shoker Investment Counsel Inc. raised its stake in shares of Texas Instruments by 0.9% during the 4th quarter. Shoker Investment Counsel Inc. now owns 18,290 shares of the semiconductor company's stock worth $3,430,000 after purchasing an additional 166 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reduced their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. UBS Group reduced their target price on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. TD Cowen lifted their price target on shares of Texas Instruments from $160.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday. Arete assumed coverage on Texas Instruments in a research note on Thursday. They issued a "neutral" rating and a $203.80 price objective on the stock. Finally, Mizuho set a $170.00 target price on Texas Instruments in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $191.49.

Texas Instruments Price Performance

Shares of TXN traded up $0.77 during mid-day trading on Friday, reaching $207.08. 8,584,775 shares of the stock traded hands, compared to its average volume of 6,425,019. The company has a market cap of $188.13 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 3.36 and a beta of 1.00. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The firm has a fifty day moving average price of $182.58 and a 200 day moving average price of $182.51. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Texas Instruments 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.