Slow Capital Inc. boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 110.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,264 shares of the semiconductor company’s stock after buying an additional 10,624 shares during the period. Slow Capital Inc.’s holdings in Texas Instruments were worth $5,676,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of TXN. Contravisory Investment Management Inc. acquired a new stake in shares of Texas Instruments in the 2nd quarter worth $1,493,000. Diversify Advisory Services LLC increased its position in Texas Instruments by 122.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 24,545 shares of the semiconductor company’s stock valued at $6,851,000 after buying an additional 13,495 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Texas Instruments in the second quarter valued at about $1,962,000. Ieq Capital LLC purchased a new stake in Texas Instruments in the second quarter valued at about $17,709,000. Finally, Liontrust Investment Partners LLP purchased a new stake in Texas Instruments in the first quarter valued at about $13,056,000. Institutional investors own 84.99% of the company’s stock.
Insider Activity at Texas Instruments
In other news, VP Tsedeniya Abraham sold 7,000 shares of the stock in a transaction 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 sale, the vice president owned 23,181 shares in the company, valued at $6,134,388.03. This represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by company insiders.
Texas Instruments Price Performance
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a return on equity of 40.51% and a net margin of 34.25%. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the firm earned $1.48 earnings per share. Texas Instruments’s revenue for the quarter was up 27.7% on a year-over-year basis. Equities analysts expect that Texas Instruments Incorporated will post 8.79 earnings per share for the current year.
Texas Instruments Increases Dividend
The firm also recently disclosed 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. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, October 30th. This represents a $6.08 annualized dividend and a dividend yield of 2.1%. Texas Instruments’s payout ratio is currently 73.67%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Susquehanna restated a “positive” rating on shares of Texas Instruments in a research note on Thursday. Rosenblatt Securities upped their price objective on shares of Texas Instruments from $350.00 to $360.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp increased their price objective on shares of Texas Instruments from $390.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. TD Cowen lowered their target price on shares of Texas Instruments from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Finally, Morgan Stanley boosted their target price on shares of Texas Instruments from $255.00 to $278.00 and gave the stock an “underweight” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $311.39.
Get Our Latest Stock Analysis on TXN
Texas Instruments News Roundup
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
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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