2,661 Texas Instruments Incorporated $TXN Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,511 shares of the semiconductor company’s stock after selling 2,661 shares during the quarter. State of Alaska Department of Revenue’s holdings in Texas Instruments were worth $24,230,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TXN. Mainsail Asset Management LLC boosted its holdings in Texas Instruments by 6.6% in the 3rd quarter. Mainsail Asset Management LLC now owns 909 shares of the semiconductor company’s stock worth $270,000 after acquiring an additional 56 shares during the period. Nvwm LLC raised its stake in shares of Texas Instruments by 550.0% during the third quarter. Nvwm LLC now owns 117 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 99 shares during the period. Viking Fund Management LLC lifted its position in shares of Texas Instruments by 9.4% during the third quarter. Viking Fund Management LLC now owns 35,000 shares of the semiconductor company’s stock worth $9,803,000 after purchasing an additional 3,000 shares in the last quarter. B.A. Schrock Wealth Management Inc. acquired a new position in shares of Texas Instruments during the third quarter worth $369,000. Finally, Mather Group LLC. boosted its stake in shares of Texas Instruments by 62.7% in the third quarter. Mather Group LLC. now owns 12,524 shares of the semiconductor company’s stock valued at $3,508,000 after purchasing an additional 4,828 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Susquehanna raised their price target on shares of Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Evercore reiterated 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. Wells Fargo & Company upped their price objective on shares of Texas Instruments from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. KeyCorp raised their target price on Texas Instruments from $390.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Truist Financial lifted their target price on Texas Instruments from $278.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $304.26.

Texas Instruments Stock Down 1.2%

Shares of TXN traded down $3.50 during trading on Thursday, reaching $277.14. The company’s stock had a trading volume of 3,147,878 shares, compared to its average volume of 7,529,883. The company has a market cap of $253.10 billion, a price-to-earnings ratio of 42.10, a P/E/G ratio of 1.61 and a beta of 1.35. 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 fifty day moving average of $271.93 and a two-hundred day moving average of $275.79. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results 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. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.26 billion. Texas Instruments had a net margin of 31.11% and a return on equity of 35.77%. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 earnings per share. Texas Instruments has set its Q3 2026 guidance at 2.230-2.570 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 8.45 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business 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 $1.52 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments’s dividend payout ratio is currently 92.54%.

Insider Buying and Selling

In other Texas Instruments 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 transaction of $1,852,410.00. Following the transaction, the vice president directly owned 23,181 shares in the company, valued at $6,134,388.03. This represents a 23.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by company 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.