Viking Fund Management LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,000 shares of the semiconductor company’s stock after buying an additional 3,000 shares during the period. Viking Fund Management LLC’s holdings in Texas Instruments were worth $9,803,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kilter Group LLC purchased a new position in Texas Instruments during the 2nd quarter worth approximately $31,000. Addison Advisors LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at $38,000. Caitlin John LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at $41,000. Portus Wealth Advisors LLC purchased a new stake in shares of Texas Instruments in the 1st quarter valued at $27,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments in the first quarter worth $29,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently issued reports on TXN. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Benchmark boosted their target price on shares of Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a report on Thursday, July 23rd. Mizuho increased their price target on Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus increased their price target on Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. 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, Texas Instruments has a consensus rating of “Hold” and an average target price of $304.26.
Texas Instruments Stock Performance
Shares of NASDAQ TXN opened at $280.65 on Thursday. The company’s fifty day moving average price is $271.93 and its 200 day moving average price is $275.79. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The company has a market capitalization of $256.30 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86.
Texas Instruments (NASDAQ:TXN – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.91 by $0.23. Texas Instruments had a net margin of 31.11% and a return on equity of 35.77%. The company had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the business earned $1.41 earnings per share. The firm’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. On average, research analysts predict that Texas Instruments Incorporated will post 8.45 earnings per share for the current year.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio is currently 92.54%.
Insider Activity
In other news, VP Tsedeniya Abraham sold 7,000 shares of the firm’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 sale, the vice president directly owned 23,181 shares in the company, valued at $6,134,388.03. This trade represents a 23.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.
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.
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