Texas Instruments Incorporated $TXN Stock: First Fiduciary Investment Counsel Inc. Cuts Stake

First Fiduciary Investment Counsel Inc. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,220 shares of the semiconductor company’s stock after selling 2,730 shares during the quarter. Texas Instruments comprises approximately 2.4% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 18th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Texas Instruments were worth $12,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Texas Instruments in the second quarter worth $24,607,313,000. Bank of New York Mellon Corp purchased a new position in shares of Texas Instruments during the 2nd quarter valued at $4,488,666,000. Bank of America Corp DE purchased a new position in shares of Texas Instruments during the 2nd quarter valued at $3,700,842,000. Van ECK Associates Corp lifted its stake in shares of Texas Instruments by 1.5% during the 2nd quarter. Van ECK Associates Corp now owns 12,149,167 shares of the semiconductor company’s stock valued at $3,621,302,000 after buying an additional 177,511 shares in the last quarter. Finally, Primecap Management Co. CA bought a new position in Texas Instruments in the 2nd quarter worth $2,538,063,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $309.83 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59. The company’s fifty day moving average price is $274.05 and its 200-day moving average price is $257.59. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The company has a market capitalization of $282.95 billion, a PE ratio of 40.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.35.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.22. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. Texas Instruments’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period last year, the company posted $1.48 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 8.85 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.52 per share. This is a boost 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 2.0%. Texas Instruments’s payout ratio is currently 73.67%.

Analysts Set New Price Targets

TXN has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Texas Instruments from $300.00 to $385.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Citigroup restated a “buy” rating on shares of Texas Instruments in a research report on Thursday, October 22nd. Sanford C. Bernstein upped their price objective on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Zacks Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $315.37.

Insider Activity at Texas Instruments

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 completion of the transaction, the vice president owned 23,181 shares in the company, valued at $6,134,388.03. This trade represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Texas Instruments News Roundup

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Profitability improved sharply: Third-quarter gross margin rose to 64.2%, versus 57.4% a year earlier and 61.4% in the prior quarter. Higher sales and factory utilization supported stronger profits. TXN’s Gross Margin Crosses 64% in Q3
• Positive Sentiment: Earnings beat expectations: Texas Instruments reported $6.055 billion in third-quarter revenue and $2.62 in diluted EPS, exceeding consensus estimates. Fourth-quarter guidance calls for revenue of $5.8 billion to $6.3 billion and EPS of $2.45 to $2.79. Earnings Beat Might Change Texas Instruments Stock Narrative
• Positive Sentiment: Data-center demand remains supportive: Management indicated demand from data-center customers is continuing to grow, helping offset concerns about cyclical industrial and automotive markets.
• Positive Sentiment: Buying and technical momentum: ETFs purchased approximately $37 million of TXN shares, while upward earnings-estimate revisions and a move above the 20-day moving average have reinforced the bullish narrative. ETFs Bought $37.0 Million of Texas Instruments
• Neutral Sentiment: Analyst stance is mixed: DZ Bank upgraded Texas Instruments from “sell” to “hold” but assigned a $300 price target, below the recent trading level. Bernstein also reportedly initiated or maintained a “hold” view, signaling limited conviction despite the earnings improvement. DZ Bank TXN Rating
• Negative Sentiment: Auto-chip concerns remain a near-term overhang: Soft guidance from NXP Semiconductors pressured automotive-focused chip stocks and weighed on Texas Instruments and other semiconductor peers, despite TXN’s broader industrial and data-center exposure. Auto Chip Concerns Pressure Semiconductor Stocks
• Negative Sentiment: New debt adds financing obligations: Texas Instruments priced $2 billion of senior notes carrying interest rates from 5.0% to 5.75%, increasing leverage and interest costs, although the proceeds may support capital needs and strategic investments. Texas Instruments Prices $2.0 Billion of Notes

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.