State of Michigan Retirement System Sells 8,000 Shares of Texas Instruments Incorporated $TXN
by Scott Moore · The Cerbat GemState of Michigan Retirement System cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 237,861 shares of the semiconductor company’s stock after selling 8,000 shares during the period. State of Michigan Retirement System’s holdings in Texas Instruments were worth $41,267,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in TXN. Vanguard Group Inc. increased its stake in shares of Texas Instruments by 1.0% during the third quarter. Vanguard Group Inc. now owns 96,445,978 shares of the semiconductor company’s stock worth $17,720,020,000 after purchasing an additional 998,658 shares during the period. State Street Corp lifted its holdings in Texas Instruments by 0.5% during the 3rd quarter. State Street Corp now owns 43,555,112 shares of the semiconductor company’s stock worth $8,002,381,000 after purchasing an additional 230,098 shares during the last quarter. Invesco Ltd. boosted its stake in Texas Instruments by 16.8% in the 3rd quarter. Invesco Ltd. now owns 16,435,001 shares of the semiconductor company’s stock valued at $3,019,603,000 after purchasing an additional 2,366,695 shares during the period. Alliancebernstein L.P. boosted its stake in Texas Instruments by 2.7% in the 3rd quarter. Alliancebernstein L.P. now owns 11,557,813 shares of the semiconductor company’s stock valued at $2,123,517,000 after purchasing an additional 305,022 shares during the period. Finally, Amundi grew its holdings in Texas Instruments by 61.0% in the 3rd quarter. Amundi now owns 9,445,243 shares of the semiconductor company’s stock valued at $1,717,240,000 after buying an additional 3,580,147 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
Insider Buying and Selling at Texas Instruments
In other news, VP Ahmad Bahai sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $230.79, for a total value of $1,500,135.00. Following the completion of the transaction, the vice president directly owned 42,488 shares in the company, valued at approximately $9,805,805.52. The trade was a 13.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Hagop H. Kozanian sold 6,843 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $225.95, for a total transaction of $1,546,175.85. Following the completion of the transaction, the vice president owned 75,425 shares of the company’s stock, valued at $17,042,278.75. The trade was a 8.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 114,284 shares of company stock valued at $25,531,935 over the last three months. 0.60% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. TD Cowen increased their price objective on Texas Instruments from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird boosted their target price on shares of Texas Instruments from $225.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James Financial set a $240.00 price target on shares of Texas Instruments in a research note on Wednesday, January 28th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $205.00 price target on shares of Texas Instruments in a research report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $185.00 to $205.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $257.68.
Check Out Our Latest Stock Analysis on Texas Instruments
Texas Instruments Price Performance
Texas Instruments stock opened at $276.98 on Monday. The stock’s fifty day moving average price is $209.09 and its two-hundred day moving average price is $191.22. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $287.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.46 and a quick ratio of 2.94. The firm has a market cap of $252.18 billion, a PE ratio of 47.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01.
Texas Instruments (NASDAQ:TXN – Get Free Report) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.31. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.85 billion. Texas Instruments had a return on equity of 32.49% and a net margin of 29.11%.The company’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. Texas Instruments has set its Q2 2026 guidance at 1.770-2.050 EPS. As a group, research analysts expect that Texas Instruments Incorporated will post 7.28 EPS for the current fiscal year.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, May 5th. Texas Instruments’s payout ratio is 97.26%.
More Texas Instruments News
Here are the key news stories impacting Texas Instruments this week:
- Positive Sentiment: Q1 beat and raised outlook — TXN reported $1.68 EPS (above estimates) and revenue of $4.83B, and management gave Q2 guidance above consensus, which is the primary catalyst for the rally. Read More.
- Positive Sentiment: Data-center demand surge — Management said data‑center revenue jumped sharply (reports cite ~90% growth), validating TXN’s role in the AI/data-center buildout and driving near-term upside. Read More.
- Positive Sentiment: Analyst upgrades and price-target hikes — Multiple firms (BofA, Rosenblatt, Robert W. Baird, JPMorgan, others) raised ratings/targets after the quarter, adding momentum and buy-side conviction. Read More.
- Positive Sentiment: Strategic M&A — TXN announced acquisition of Silicon Labs to add embedded wireless connectivity, reinforcing its push into industrial edge and AI use cases that could expand addressable market. Read More.
- Neutral Sentiment: Industrial demand mix — Management highlighted industrial strength alongside data centers; investors will be watching sustainability of both end markets into FY26. Read More.
- Negative Sentiment: Valuation and profit-taking risk — The rapid run-up has pushed valuation metrics higher (PE expansion), prompting caution that some gains reflect re-rating rather than only fundamental improvement; a few firms still hold conservative/neutral stances. Read More.
- Negative Sentiment: Mixed price-target signals — While many banks raised targets, at least one large shop set an equal‑weight/near‑term target below the rally level, underscoring divergent views on durability of demand. Read More.
Texas Instruments Company Profile
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.