296,138 Texas Instruments Incorporated $TXN Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments increased its Texas Instruments stake by 29.4% in the third quarter, adding 296,138 shares and ending the period with 1.30 million shares valued at about $365 million.
• Texas Instruments reported quarterly EPS of $2.62, beating the $2.40 consensus estimate, while revenue rose 27.7% year over year to about $6.05 billion.
• The company raised its quarterly dividend to $1.52 per share from $1.42, equivalent to an annualized $6.08 and a 1.9% yield.

Russell Investments Group Ltd. raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 29.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,302,262 shares of the semiconductor company's stock after acquiring an additional 296,138 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Texas Instruments worth $365,007,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Texas Instruments in the 2nd quarter valued at $24,607,313,000. Bank of New York Mellon Corp bought a new position in shares of Texas Instruments in the 2nd quarter valued at about $4,488,666,000. Bank of America Corp DE bought a new position in shares of Texas Instruments in the 2nd quarter valued at about $3,700,842,000. Van ECK Associates Corp increased its position in shares of 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 valued at $3,621,302,000 after acquiring an additional 177,511 shares during the last quarter. Finally, Primecap Management Co. CA acquired a new stake in shares of Texas Instruments in the second quarter valued at about $2,538,063,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Key Texas Instruments News

These are some of the TXN news items that stood out recently:

• Positive Sentiment: Strong quarterly growth: The supplied results show Q3 EPS of $2.62 versus a $2.40 consensus estimate and revenue of $6.06 billion, up 27.7% year over year. That performance supports the growth case behind TXN’s recent momentum. Article: Texas Instruments Stock Price Prediction
• Neutral Sentiment: ETF buying offers a demand signal, not a business catalyst: ETFs reportedly added $365.9 million of TXN shares on Monday, indicating institutional fund demand, though this does not by itself establish a change in fundamentals. Article: 42 ETFs Add to Texas Instruments
• Negative Sentiment: Valuation is a key risk: After a 121.3% three-year return, investors are questioning whether TXN’s current market value is justified by the cash the business can generate. That concern could limit further gains if growth or cash-flow expectations disappoint. Article: Texas Instruments Stock Looks Fully Valued After Fresh Embedded AI News

Texas Instruments Stock Up 0.9%

Shares of TXN stock opened at $312.48 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59. The firm's 50-day moving average is $282.88 and its 200-day moving average is $263.61. The stock has a market cap of $285.53 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.52 and a beta of 1.39. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.22. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period last year, the business posted $1.48 EPS. Texas Instruments's revenue was up 27.7% on a year-over-year basis. Sell-side analysts predict that Texas Instruments Incorporated will post 8.97 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th were given a $1.52 dividend. The ex-dividend date of this dividend was Friday, October 30th. This is a positive change 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 1.9%. Texas Instruments's payout ratio is 78.86%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TXN shares. Truist Financial set a $305.00 target price on Texas Instruments in a report on Thursday, October 22nd. Stifel Nicolaus boosted their price target on Texas Instruments from $360.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. Rosenblatt Securities boosted their price target on Texas Instruments from $350.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. Wall Street Zen upgraded Texas Instruments from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. Finally, Wells Fargo & Company cut their price objective on Texas Instruments from $310.00 to $300.00 and set an "equal weight" rating for the company in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $315.37.

Insider Buying and Selling

In other news, Director Janet Clark sold 4,306 shares of Texas Instruments stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $302.46, for a total transaction of $1,302,392.76. Following the completion of the transaction, the director directly owned 11,341 shares in the company, valued at approximately $3,430,198.86. The trade was a 27.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald Kirk sold 6,065 shares of the business's stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $310.39, for a total value of $1,882,515.35. Following the transaction, the director directly owned 15,462 shares in the company, valued at $4,799,250.18. The trade was a 28.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 27,968 shares of company stock valued at $8,236,892. Insiders own 0.60% of the company's stock.

Texas Instruments Company Profile

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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