13,696 Texas Instruments Incorporated $TXN Shares Sold by Artemis Investment Management LLP

Key Points

• Artemis Investment Management LLP reduced its Texas Instruments stake by 7.7% in the third quarter, selling 13,696 shares and retaining 163,174 shares valued at approximately $45.7 million. Institutional investors collectively own 84.99% of TXN.
• Texas Instruments reported stronger-than-expected quarterly results, with EPS of $2.14 and revenue of $5.46 billion, up 22.8% year over year. The company also issued third-quarter 2026 EPS guidance of $2.23–$2.57.
• The company increased its quarterly dividend from $1.42 to $1.52 per share, implying an annualized dividend of $6.08 and a 2.1% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $304.26.

Artemis Investment Management LLP cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,174 shares of the semiconductor company's stock after selling 13,696 shares during the quarter. Artemis Investment Management LLP's holdings in Texas Instruments were worth $45,703,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TXN. BlackRock Inc. purchased a new position in Texas Instruments in the second quarter worth about $24,607,313,000. Invesco Ltd. lifted its stake in shares of Texas Instruments by 10.6% in the 4th quarter. Invesco Ltd. now owns 18,184,514 shares of the semiconductor company's stock valued at $3,154,831,000 after purchasing an additional 1,749,513 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Texas Instruments by 33.6% in the 1st quarter. Bank of New York Mellon Corp now owns 16,402,834 shares of the semiconductor company's stock valued at $3,184,446,000 after purchasing an additional 4,129,601 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Texas Instruments in the 2nd quarter worth approximately $3,700,842,000. Finally, Van ECK Associates Corp lifted its position in Texas Instruments by 1.5% in the second quarter. Van ECK Associates Corp now owns 12,149,167 shares of the semiconductor company's stock worth $3,621,302,000 after buying an additional 177,511 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Insider Activity

In other news, VP Tsedeniya Abraham sold 7,000 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value 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 trade represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

Texas Instruments Stock Down 1.6%

Shares of TXN traded down $4.58 during mid-day trading on Thursday, hitting $284.40. The company's stock had a trading volume of 1,723,854 shares, compared to its average volume of 7,580,510. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The company's 50-day moving average is $271.18 and its 200-day moving average is $272.55. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03. The firm has a market capitalization of $259.73 billion, a price-to-earnings ratio of 43.19, a PEG ratio of 1.66 and a beta of 1.35.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments's dividend payout ratio is currently 86.45%.

Analyst Ratings Changes

TXN has been the topic of several analyst reports. Wall Street Zen upgraded shares of Texas Instruments from a "hold" rating to a "buy" rating in a report on Saturday, July 18th. KeyCorp raised their price objective on shares of Texas Instruments from $390.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Sanford C. Bernstein boosted their target price on Texas Instruments from $250.00 to $290.00 and gave the company a "market perform" rating in a research report on Thursday, July 23rd. Benchmark upped their target price on Texas Instruments from $315.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, UBS Group reissued a "buy" rating and set a $380.00 price target (up from $350.00) on shares of Texas Instruments in a research note on Thursday, July 23rd. Sixteen research 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 presently has an average rating of "Hold" and an average price target of $304.26.

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.

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