Davis Selected Advisers Trims Texas Instruments Stake

Institutional investor reduces position in semiconductor company by 2.6%

Mar. 19, 2026 at 9:14am

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Davis Selected Advisers, a prominent institutional investor, lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.6% during the 3rd quarter, according to a recent SEC filing. The firm now owns 2,317,408 shares of the semiconductor company's stock, representing approximately 0.26% of Texas Instruments' total shares outstanding.

Why it matters

Texas Instruments is a major player in the semiconductor industry, providing a wide range of analog and embedded processing chips used across various end markets. Changes in ownership by large institutional investors like Davis Selected Advisers can provide insights into market sentiment and potential shifts in the stock's performance.

The details

According to the filing, Davis Selected Advisers sold 62,799 shares of Texas Instruments during the 3rd quarter, reducing its total position to 2,317,408 shares. The firm's stake in Texas Instruments now accounts for approximately 2.2% of its overall portfolio, making the stock its 16th largest holding.

  • The 62,799 share reduction occurred during the 3rd quarter of the year.

The players

Davis Selected Advisers

A prominent institutional investor that manages a diversified portfolio of stocks, including a significant position in Texas Instruments.

Texas Instruments Incorporated

A global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips used across a wide range of end markets.

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The takeaway

The reduction in Davis Selected Advisers' stake in Texas Instruments, while relatively small, could signal a shift in market sentiment or portfolio rebalancing by the institutional investor. However, Texas Instruments remains a significant holding in the firm's portfolio, underscoring the company's importance in the semiconductor industry.