Texas Instruments Incorporated $TXN Stock Acquired by Congress Asset Management Co.

by · The Markets Daily

Congress Asset Management Co. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 26.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 335,540 shares of the semiconductor company’s stock after purchasing an additional 70,318 shares during the period. Congress Asset Management Co.’s holdings in Texas Instruments were worth $93,981,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TXN. Moody National Bank Trust Division lifted its position in Texas Instruments by 0.6% during the third quarter. Moody National Bank Trust Division now owns 6,063 shares of the semiconductor company’s stock worth $1,698,000 after buying an additional 39 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of Texas Instruments by 229.1% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,292 shares of the semiconductor company’s stock worth $1,202,000 after acquiring an additional 2,988 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Texas Instruments during the 3rd quarter worth $2,358,000. Ferguson Wellman Capital Management Inc. boosted its position in shares of Texas Instruments by 2.1% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 137,548 shares of the semiconductor company’s stock valued at $38,526,000 after acquiring an additional 2,859 shares during the last quarter. Finally, Eastern Bank grew its holdings in shares of Texas Instruments by 2.8% in the third quarter. Eastern Bank now owns 3,729 shares of the semiconductor company’s stock valued at $1,044,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.

Texas Instruments Trading Up 0.8%

NASDAQ:TXN traded up $2.33 during trading hours on Tuesday, reaching $297.23. 3,285,445 shares of the stock were exchanged, compared to its average volume of 7,628,310. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The business has a 50-day moving average of $270.83 and a two-hundred day moving average of $271.84. The company has a market capitalization of $271.44 billion, a price-to-earnings ratio of 45.24, a PEG ratio of 1.64 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.

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

Texas Instruments Increases Dividend

The firm also recently disclosed 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 represents a $6.08 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 92.54%.

Analysts Set New Price Targets

A number of equities analysts have commented on TXN shares. Rosenblatt Securities lifted their target price on shares of Texas Instruments from $330.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their price objective on Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $300.00 target price (up from $280.00) on shares of Texas Instruments in a research note on Wednesday, September 9th. Robert W. Baird lifted their target price on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, TD Cowen lowered their price target on Texas Instruments from $360.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Sixteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $304.26.

Get Our Latest Analysis on Texas Instruments

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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