SeaCrest Wealth Management LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 61.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,079 shares of the semiconductor company’s stock after selling 4,942 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Texas Instruments were worth $862,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. NBT Bank N.A. bought a new stake in shares of Texas Instruments in the 3rd quarter valued at about $1,449,000. Root Financial Partners LLC raised its stake in shares of Texas Instruments by 44.4% during the 3rd quarter. Root Financial Partners LLC now owns 2,106 shares of the semiconductor company’s stock valued at $590,000 after buying an additional 648 shares during the last quarter. E. Ohman J or Asset Management AB boosted its stake in shares of Texas Instruments by 215.1% in the third quarter. E. Ohman J or Asset Management AB now owns 102,541 shares of the semiconductor company’s stock worth $28,721,000 after buying an additional 70,000 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Texas Instruments by 0.3% during the third quarter. SBI Securities Co. Ltd. now owns 12,460 shares of the semiconductor company’s stock worth $3,490,000 after acquiring an additional 39 shares during the period. Finally, Reyes Financial Architecture Inc. purchased a new position in Texas Instruments during the third quarter valued at approximately $36,000. Institutional investors own 84.99% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on TXN shares. Arete Research lowered their price target on Texas Instruments from $405.00 to $381.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Susquehanna restated a “positive” rating on shares of Texas Instruments in a research report on Thursday. Morgan Stanley lifted their price objective on Texas Instruments from $255.00 to $278.00 and gave the stock an “underweight” rating in a report on Thursday. Evercore reiterated an “outperform” rating and set a $330.00 price objective (up from $316.00) on shares of Texas Instruments in a research note on Thursday, July 23rd. Finally, Rosenblatt Securities raised their target price on Texas Instruments from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $311.39.
Check Out Our Latest Analysis on TXN
Texas Instruments Trading Up 1.9%
Shares of TXN stock traded up $5.19 during trading hours on Friday, hitting $284.69. The company had a trading volume of 7,512,410 shares, compared to its average volume of 6,051,689. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The company’s fifty day moving average is $271.98 and its 200 day moving average is $279.47. The stock has a market capitalization of $259.99 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 1.52 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.59 and a quick ratio of 3.44.
Texas Instruments (NASDAQ:TXN – Get Free Report) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 EPS. Research analysts expect that Texas Instruments Incorporated will post 8.69 earnings per share for the current fiscal year.
Texas Instruments Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be issued 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 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments’s dividend payout ratio is currently 78.86%.
Texas Instruments News Summary
Here are the key news stories impacting Texas Instruments this week:
- Positive Sentiment: Texas Instruments reported third-quarter revenue of approximately $6.06 billion, up 28% year over year, while EPS increased 77% to $2.62 and exceeded consensus expectations. Industrial, analog and data-center demand drove the results, with data-center revenue reportedly rising 95%. TXN Q3 Earnings Beat Estimates on Strong Analog, Data Center Demand
- Positive Sentiment: Management’s fourth-quarter revenue guidance, with a midpoint of about $6.05 billion, came in well above analyst expectations. Capacity expansion and broader cyclical recovery could support longer-term revenue, margins and cash flow. TXN Q3 Deep Dive: Industrial and Data Center Growth Drive Outlook Upgrade
- Positive Sentiment: Analyst sentiment strengthened: Zacks upgraded TXN to Rank #1, Freedom Broker raised its rating to Buy with a $330 target, and JPMorgan lifted its target to $365 while maintaining an Overweight rating. Texas Instruments Upgraded to Strong Buy
- Positive Sentiment: New chips for AI data centers—including power-monitoring, high-voltage distribution and timing components—give TXN additional exposure to data-center infrastructure growth. Texas Instruments Debuts Industry First Chips for AI Data Centers
- Neutral Sentiment: Unusual call-option activity and comparisons with Micron indicate bullish trading interest, although Micron was viewed as having stronger AI-driven growth and a lower valuation. Micron vs. Texas Instruments
- Negative Sentiment: TXN’s premium valuation remains a risk if the industrial recovery or AI infrastructure spending slows. Mizuho lowered its target to $290 and kept a Neutral rating, highlighting limited near-term upside. Mizuho Texas Instruments Rating
Insider Buying and Selling
In related news, VP Tsedeniya Abraham sold 7,000 shares of Texas Instruments stock in a transaction that occurred on 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 sale, the vice president directly owned 23,181 shares in the company, valued at $6,134,388.03. The trade was a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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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