Texas Instruments Incorporated $TXN Stock Sold by Thurston Springer Miller Herd & Titak Inc.

by · The Cerbat Gem

Thurston Springer Miller Herd & Titak Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 75.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,331 shares of the semiconductor company’s stock after selling 3,993 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Texas Instruments were worth $373,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TXN. First Citizens Bank & Trust Co. raised its holdings in Texas Instruments by 195.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 17,356 shares of the semiconductor company’s stock valued at $4,861,000 after acquiring an additional 11,486 shares in the last quarter. Focus Financial Network Inc. grew its holdings in shares of Texas Instruments by 3.3% during the 3rd quarter. Focus Financial Network Inc. now owns 4,242 shares of the semiconductor company’s stock worth $1,188,000 after purchasing an additional 137 shares in the last quarter. BigSur Wealth Management LLC grew its holdings in shares of Texas Instruments by 14.7% during the 3rd quarter. BigSur Wealth Management LLC now owns 881 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 113 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Texas Instruments by 5.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 13,248 shares of the semiconductor company’s stock worth $3,710,000 after purchasing an additional 668 shares in the last quarter. Finally, Krilogy Financial LLC increased its position in shares of Texas Instruments by 56.1% in the third quarter. Krilogy Financial LLC now owns 10,415 shares of the semiconductor company’s stock worth $2,934,000 after purchasing an additional 3,741 shares during the period. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial boosted their price target on Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Texas Instruments from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Sanford C. Bernstein raised their target price on shares of Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Finally, Susquehanna boosted their target price on shares of Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $304.26.

Read Our Latest Report on TXN

Texas Instruments Price Performance

Shares of TXN stock traded down $6.88 on Wednesday, hitting $280.97. 1,928,255 shares of the company’s stock were exchanged, compared to its average volume of 7,526,756. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The stock has a market cap of $256.59 billion, a P/E ratio of 42.82, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35. The company has a 50 day moving average of $271.87 and a 200 day moving average of $275.18.

Texas Instruments (NASDAQ:TXN – Get Free Report) last released its earnings results on Wednesday, July 22nd. The semiconductor company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.23. The firm had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Texas Instruments had a return on equity of 35.77% and a net margin of 31.11%. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 earnings per share. Texas Instruments has set its Q3 2026 guidance at 2.230-2.570 EPS. On average, equities research analysts predict that Texas Instruments Incorporated will post 8.45 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be given a dividend of $1.52 per share. The ex-dividend date is Friday, October 30th. This represents a $6.08 dividend on an annualized basis and a yield of 2.2%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio is currently 86.45%.

Insider Transactions at Texas Instruments

In related news, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction that occurred 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

About Texas Instruments

(Free Report)

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.

Further Reading

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