Parcion Private Wealth LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 114.4% in the 3rd quarter, Holdings Channel reports. The firm owned 5,235 shares of the semiconductor company’s stock after purchasing an additional 2,793 shares during the quarter. Parcion Private Wealth LLC’s holdings in Texas Instruments were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Texas Instruments in the 2nd quarter valued at about $24,607,313,000. Bank of New York Mellon Corp grew its position in shares of Texas Instruments by 33.6% during the 1st quarter. Bank of New York Mellon Corp now owns 16,402,834 shares of the semiconductor company’s stock valued at $3,184,446,000 after buying an additional 4,129,601 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Texas Instruments during the 2nd quarter valued at about $3,700,842,000. Van ECK Associates Corp raised its stake in Texas Instruments by 1.5% during the second quarter. Van ECK Associates Corp now owns 12,149,167 shares of the semiconductor company’s stock worth $3,621,302,000 after acquiring an additional 177,511 shares during the period. Finally, Amundi raised its stake in Texas Instruments by 9.0% during the first quarter. Amundi now owns 9,064,214 shares of the semiconductor company’s stock worth $1,759,727,000 after acquiring an additional 752,139 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Texas Instruments
In related news, Director Ronald Kirk sold 6,065 shares of Texas Instruments stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $310.39, for a total transaction of $1,882,515.35. Following the sale, the director directly owned 15,462 shares in the company, valued at $4,799,250.18. The trade was a 28.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela Patsley sold 4,532 shares of the company’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $301.56, for a total transaction of $1,366,669.92. Following the completion of the sale, the director directly owned 34,487 shares of the company’s stock, valued at $10,399,899.72. The trade was a 11.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 27,968 shares of company stock valued at $8,236,892. 0.60% of the stock is currently owned by insiders.
Texas Instruments Stock Down 3.9%
TXN opened at $300.84 on Friday. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 4.05. The stock has a market cap of $274.90 billion, a P/E ratio of 39.02, a P/E/G ratio of 1.49 and a beta of 1.35. The stock’s 50 day moving average price is $275.66 and its 200 day moving average price is $258.76.
Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. As a group, research analysts predict that Texas Instruments Incorporated will post 8.89 earnings per share for the current year.
Texas Instruments Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid 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 dividend yield of 2.0%. The ex-dividend date is Friday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 73.67%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on TXN shares. Freedom Broker raised shares of Texas Instruments from a “hold” rating to a “buy” rating and raised their target price for the stock from $260.00 to $330.00 in a report on Thursday, October 22nd. Zacks Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. KeyCorp increased their price target on Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald reiterated a “neutral” rating on shares of Texas Instruments in a research report on Tuesday, October 20th. Finally, Evercore reissued an “outperform” rating and issued a $330.00 price target (up from $316.00) on shares of Texas Instruments in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.37.
Read Our Latest Analysis on Texas Instruments
Key Texas Instruments News
Here are the key news stories impacting Texas Instruments this week:
- Positive Sentiment: Strong quarterly performance supports the investment case. Texas Instruments reported approximately $6.06 billion in revenue, up 27.7% year over year, while EPS of $2.62 exceeded the $2.40 consensus estimate. The company also guided for fourth-quarter revenue of $5.80 billion to $6.30 billion and EPS of $2.45 to $2.79. Texas Instruments Reports Revenue Growth
- Positive Sentiment: Dividend growth and ETF buying provide support. TXN raised its quarterly dividend to $1.52 from $1.42, equivalent to $6.08 annually and a yield of roughly 1.9%. Reports also indicated that ETFs bought about $37 million of shares on October 26, while 41 ETFs added TXN on October 27. Texas Instruments Dividend Comparison
- Neutral Sentiment: Analyst views are constructive but cautious. DZ Bank raised TXN to “Hold,” with a $300 price target. The broader analyst consensus remains “Moderate Buy,” although several firms maintain neutral, underweight or sell ratings and valuation targets vary widely. DZ Bank Raises Texas Instruments to Hold
- Negative Sentiment: Valuation is making investors question further upside. Articles from Trefis and Yahoo Finance focus on whether TXN’s elevated earnings multiple can be justified by future free cash flow, particularly as the company continues investing heavily in manufacturing capacity. Should You Buy Texas Instruments Stock Now or Wait?
- Negative Sentiment: Multiple directors sold shares. Directors Janet Clark, Robert Sanchez and Pamela Patsley sold a combined 14,903 shares near $302 per share, reducing their individual holdings by approximately 12% to 28%. Although these transactions may reflect personal financial decisions, they add a cautionary signal while TXN trades near its highs. Texas Instruments Insider Selling
About Texas Instruments
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.
Read More
- Five stocks we like better than Texas Instruments
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
