Range Financial Group LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 71.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,537 shares of the semiconductor company’s stock after purchasing an additional 3,135 shares during the period. Range Financial Group LLC’s holdings in Texas Instruments were worth $2,111,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Texas Instruments during the second quarter valued at $24,607,313,000. Bank of New York Mellon Corp bought a new position in Texas Instruments in the second quarter valued at about $4,488,666,000. Bank of America Corp DE acquired a new stake in Texas Instruments in the second quarter worth about $3,700,842,000. Primecap Management Co. CA acquired a new stake in Texas Instruments in the second quarter worth about $2,538,063,000. Finally, Legal & General Group Plc acquired a new stake in Texas Instruments in the second quarter worth about $1,918,277,000. Institutional investors own 84.99% of the company’s stock.
Key Texas Instruments News
Here are the key news stories impacting Texas Instruments this week:
- Positive Sentiment: UBS identified TXN as a top pick for an upswing in the analog semiconductor cycle, while coverage also points to a possible industrial recovery and demand from data centers. These trends could support revenue growth and earnings momentum. UBS identifies TXN as top pick
- Positive Sentiment: Analysts expect a modest earnings beat and guidance increase, with TXN’s recent results already showing strong execution: the company previously reported $2.14 in quarterly EPS on $5.46 billion of revenue, ahead of consensus estimates, and revenue grew 22.8% year over year.
- Positive Sentiment: Texas Instruments remains attractive to income-focused investors because of its established dividend, recurring demand for analog and embedded chips, and long product cycles across industrial, automotive, consumer, and data-center markets. Texas Instruments: 3 Things to Watch
- Neutral Sentiment: TXN shares have risen 60.4% over the past year, substantially outperforming the S&P 500’s 16.8% gain. The strong run reflects improved earnings expectations following better-than-expected guidance, but it also leaves less room for disappointment. Did the Market Read Texas Instruments Stock Right?
- Negative Sentiment: Wells Fargo lowered its price target from $310 to $300 and maintained an Equal Weight rating. TD Cowen also reduced its target from $340 to $330, although it retained a Buy rating. The revisions signal more limited upside after TXN’s substantial appreciation.
- Negative Sentiment: The earnings preview highlights key risks: investors need proof that AI-related demand is translating into orders and that the industrial rebound is durable. A disappointing forecast or signs of weak utilization could pressure the stock, which trades at a relatively elevated price-to-earnings ratio near 42.
Insider Activity
In other news, VP Tsedeniya Abraham sold 7,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president directly owned 23,181 shares in the company, valued at approximately $6,134,388.03. The trade was a 23.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
Several analysts have weighed in on TXN shares. Sanford C. Bernstein boosted their price objective on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. KeyCorp raised their target price on shares of Texas Instruments from $390.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wall Street Zen raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Evercore reiterated an “outperform” rating and set a $330.00 price target (up from $316.00) on shares of Texas Instruments in a research report on Thursday, July 23rd. Finally, UBS Group set a $360.00 price target on shares of Texas Instruments in a research report on Monday. Sixteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $302.88.
View Our Latest Stock Report on TXN
Texas Instruments Stock Up 0.6%
Shares of Texas Instruments stock opened at $277.78 on Wednesday. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The business has a fifty day simple moving average of $271.60 and a 200 day simple moving average of $278.20. The stock has a market cap of $253.68 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35.
Texas Instruments (NASDAQ:TXN – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.23. Texas Instruments had a return on equity of 35.77% and a net margin of 31.11%. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The firm’s revenue was up 22.8% on a year-over-year basis. Research analysts predict that Texas Instruments Incorporated will post 8.49 EPS for the current year.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a yield of 2.2%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is 92.54%.
Texas Instruments Company 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.
See Also
- Five stocks we like better than Texas Instruments
- Cleared For Takeoff: Boeing’s 737 MAX 10 Approval Sets Up a Major Cash Flow Recovery
- Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over
- Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling?
- Halliburton Gains Traction: Multiyear Upcycle Ahead
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.
