E. Ohman J or Asset Management AB Buys 70,000 Shares of Texas Instruments Incorporated $TXN

E. Ohman J or Asset Management AB increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 215.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 102,541 shares of the semiconductor company’s stock after purchasing an additional 70,000 shares during the period. E. Ohman J or Asset Management AB’s holdings in Texas Instruments were worth $28,721,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Texas Instruments in the second quarter worth $24,607,313,000. Bank of New York Mellon Corp raised its holdings in Texas Instruments by 33.6% during the 1st quarter. Bank of New York Mellon Corp now owns 16,402,834 shares of the semiconductor company’s stock worth $3,184,446,000 after purchasing an additional 4,129,601 shares during the last quarter. Bank of America Corp DE acquired a new position in Texas Instruments in the second quarter valued at $3,700,842,000. Van ECK Associates Corp boosted its position 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 purchasing an additional 177,511 shares in the last quarter. Finally, Amundi lifted its position in shares of Texas Instruments by 9.0% during the 1st quarter. Amundi now owns 9,064,214 shares of the semiconductor company’s stock valued at $1,759,727,000 after acquiring an additional 752,139 shares during the period. Institutional investors own 84.99% of the company’s stock.

Trending Headlines about Texas Instruments

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

• Positive Sentiment: Q3 results exceeded expectations: Revenue rose 27.7% year over year to $6.06 billion, while EPS reached $2.62 versus the $2.40 consensus estimate. Net income increased 78% to $2.43 billion, supported by broad-based growth in industrial, automotive and data-center markets. Texas Instruments third-quarter financial results
• Positive Sentiment: Data-center demand is accelerating: Data-center revenue grew 95% year over year, while industrial demand reached a record level. Management also highlighted improving factory utilization and capacity expansion aimed at supporting long-term cash-flow growth. Texas Instruments key takeaways
• Positive Sentiment: Forecasts and analyst views improved: Fourth-quarter revenue guidance was reportedly above Wall Street expectations, and JPMorgan, Stifel, Rosenblatt and Freedom Broker raised their price targets, with targets ranging from $330 to $370. Texas Instruments earnings call highlights
• Neutral Sentiment: Options activity increased: Traders purchased 19,194 TXN call options, approximately 7% above average daily call volume, indicating heightened interest but not necessarily a sustained change in fundamentals.
• Negative Sentiment: Strong results were not enough to overcome valuation concerns: With TXN trading at a high earnings multiple, investors may have expected an even stronger outlook. Analysts noted that share performance could continue to lag business results if expectations remain elevated. Texas Instruments valuation analysis
• Negative Sentiment: Analyst opinion remains divided: Mizuho lowered its price target to $290 and kept a neutral rating, while Wells Fargo also maintained a cautious stance. This signals that some investors view much of the recovery as already reflected in the stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $279.50 on Friday. The firm has a market capitalization of $255.25 billion, a PE ratio of 42.54, a P/E/G ratio of 1.59 and a beta of 1.35. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $271.88 and a 200-day moving average price of $279.43.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a return on equity of 41.79% and a net margin of 34.25%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. As a group, equities research analysts expect that Texas Instruments Incorporated will post 8.49 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. Shareholders of record on Friday, October 30th will be issued a $1.52 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, October 30th. Texas Instruments’s dividend payout ratio is presently 86.45%.

Insider Transactions at Texas Instruments

In other news, VP Tsedeniya Abraham sold 7,000 shares of the business’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 owned 23,181 shares in the company, valued at approximately $6,134,388.03. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TXN shares. UBS Group lowered their target price on shares of Texas Instruments from $380.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday. KeyCorp upped their target price on shares of Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Benchmark lifted 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. Jefferies Financial Group lifted their price target on Texas Instruments from $260.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Sanford C. Bernstein increased their price target on shares of Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $311.39.

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.