M&G PLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 34.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,859 shares of the semiconductor company’s stock after selling 18,352 shares during the period. M&G PLC’s holdings in Texas Instruments were worth $7,251,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. KBC Group NV increased its stake in Texas Instruments by 4.5% in the 2nd quarter. KBC Group NV now owns 161,569 shares of the semiconductor company’s stock valued at $33,545,000 after buying an additional 6,937 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Texas Instruments by 9.2% in the second quarter. Jupiter Asset Management Ltd. now owns 297,223 shares of the semiconductor company’s stock valued at $61,709,000 after acquiring an additional 24,988 shares in the last quarter. Ironwood Investment Counsel LLC increased its stake in shares of Texas Instruments by 5.4% during the second quarter. Ironwood Investment Counsel LLC now owns 4,839 shares of the semiconductor company’s stock worth $1,005,000 after acquiring an additional 249 shares during the period. eCIO Inc. raised its holdings in Texas Instruments by 11.3% during the second quarter. eCIO Inc. now owns 2,141 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 218 shares in the last quarter. Finally, Advyzon Investment Management LLC lifted its position in Texas Instruments by 10.8% in the second quarter. Advyzon Investment Management LLC now owns 3,077 shares of the semiconductor company’s stock valued at $639,000 after purchasing an additional 301 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the transaction, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.57% of the stock is owned by company insiders.
Texas Instruments Stock Performance
Texas Instruments (NASDAQ:TXN – Get Free Report) last released its earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48. Texas Instruments had a net margin of 29.21% and a return on equity of 30.41%. The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the company earned $1.44 EPS. Texas Instruments’s revenue for the quarter was up 14.2% on a year-over-year basis. Texas Instruments has set its Q4 2025 guidance at 1.130-1.390 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Friday, October 31st were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.5%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 103.84%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on TXN. Weiss Ratings reissued a “hold (c+)” rating on shares of Texas Instruments in a report on Wednesday, October 8th. Susquehanna cut their price target on shares of Texas Instruments from $240.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. BNP Paribas upgraded shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, July 23rd. Finally, Citigroup lowered their price target on Texas Instruments from $260.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $191.67.
Check Out Our Latest Report on TXN
About Texas Instruments
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.
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