Congress Asset Management Co. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 26.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 335,540 shares of the semiconductor company’s stock after acquiring an additional 70,318 shares during the period. Congress Asset Management Co.’s holdings in Texas Instruments were worth $93,981,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Texas Instruments during the second quarter valued at $24,607,313,000. Bank of New York Mellon Corp bought a new stake in Texas Instruments during the 2nd quarter valued at about $4,488,666,000. Bank of America Corp DE bought a new position in Texas Instruments in the 2nd quarter worth about $3,700,842,000. Primecap Management Co. CA bought a new position in Texas Instruments in the 2nd quarter worth about $2,538,063,000. Finally, Legal & General Group Plc purchased a new position in shares of Texas Instruments during the second quarter worth approximately $1,918,277,000. Institutional investors own 84.99% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on TXN shares. Benchmark increased their price objective on Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings raised Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Truist Financial upped their target price on Texas Instruments from $278.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. UBS Group restated a “buy” rating and set a $380.00 price target (up from $350.00) on shares of Texas Instruments in a research note on Thursday, July 23rd. Finally, Evercore restated an “outperform” rating and issued a $330.00 price objective (up from $316.00) on shares of Texas Instruments in a report on Thursday, July 23rd. Sixteen 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.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $304.26.
Texas Instruments Stock Up 0.8%
Shares of NASDAQ:TXN traded up $2.33 on Tuesday, reaching $297.23. The company had a trading volume of 3,285,445 shares, compared to its average volume of 7,628,310. The firm has a market capitalization of $271.44 billion, a PE ratio of 45.24, a PEG ratio of 1.64 and a beta of 1.35. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03. The firm’s 50 day simple moving average is $270.83 and its 200-day simple moving average is $271.84.
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $2.14 earnings per share for the quarter, topping 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 firm had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the business posted $1.41 EPS. The firm’s quarterly 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, analysts expect that Texas Instruments Incorporated will post 8.45 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. Stockholders of record on Friday, October 30th will be issued a $1.52 dividend. The ex-dividend date is Friday, October 30th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio (DPR) is 92.54%.
Insider Activity
In other news, VP Tsedeniya Abraham sold 7,000 shares of Texas Instruments stock in a transaction that occurred on Thursday, August 27th. The shares were 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 of the company’s stock, valued at $6,134,388.03. The trade was a 23.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by insiders.
Texas Instruments 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.
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