Avity Investment Management Inc. grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 4.0% in the third quarter, HoldingsChannel reports. The fund owned 183,858 shares of the semiconductor company’s stock after buying an additional 7,099 shares during the quarter. Texas Instruments makes up about 3.1% of Avity Investment Management Inc.’s portfolio, making the stock its 13th largest position. Avity Investment Management Inc.’s holdings in Texas Instruments were worth $51,497,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of TXN. Contravisory Investment Management Inc. purchased a new position in shares of Texas Instruments in the 2nd quarter worth about $1,493,000. Quantbot Technologies LP purchased a new stake in shares of Texas Instruments during the 2nd quarter worth about $1,962,000. Ieq Capital LLC purchased a new stake in shares of Texas Instruments during the 2nd quarter worth about $17,709,000. Liontrust Investment Partners LLP acquired a new stake in Texas Instruments during the 1st quarter worth approximately $13,056,000. Finally, Heartland Advisors Inc. purchased a new position in Texas Instruments in the second quarter valued at approximately $4,396,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related 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 value of $1,852,410.00. Following the transaction, the vice president owned 23,181 shares in the company, valued at approximately $6,134,388.03. The trade was a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.
Texas Instruments Stock Down 1.5%
Texas Instruments (NASDAQ:TXN – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.23. Texas Instruments had a net margin of 31.11% and a return on equity of 35.77%. The business had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the business earned $1.41 EPS. The business’s revenue was up 22.8% on a year-over-year basis. Texas Instruments has set its Q3 2026 guidance at 2.230-2.570 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 8.45 EPS for the current fiscal year.
Texas Instruments Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be given a dividend of $1.52 per share. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change 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 2.1%. Texas Instruments’s dividend payout ratio is presently 92.54%.
Analysts Set New Price Targets
TXN has been the subject of several research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $300.00 price objective (up from $280.00) on shares of Texas Instruments in a research note on Wednesday, September 9th. Arete Research reduced their target price on shares of Texas Instruments from $405.00 to $381.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. KeyCorp upped their price target on shares of Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Sanford C. Bernstein increased their price target on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley raised their price objective on Texas Instruments from $230.00 to $255.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $304.26.
Get Our Latest Stock Report on TXN
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
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
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.
