Bank of America Corp DE Purchases New Shares in Texas Instruments Incorporated $TXN

Bank of America Corp DE purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,416,018 shares of the semiconductor company's stock, valued at approximately $3,700,842,000. Bank of America Corp DE owned about 1.36% of Texas Instruments at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TXN. BlackRock Inc. acquired a new position in Texas Instruments in the second quarter worth $24,607,313,000. Bank of New York Mellon Corp bought a new stake in Texas Instruments in the second quarter valued at $4,488,666,000. Geode Capital Management LLC lifted its stake in Texas Instruments by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 22,865,312 shares of the semiconductor company's stock valued at $3,952,933,000 after buying an additional 248,515 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Texas Instruments by 10.6% during the fourth quarter. Invesco Ltd. now owns 18,184,514 shares of the semiconductor company's stock valued at $3,154,831,000 after acquiring an additional 1,749,513 shares during the period. Finally, Primecap Management Co. CA acquired a new position in shares of Texas Instruments during the second quarter valued at $2,538,063,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 2.0%

TXN opened at $263.42 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. The company has a market capitalization of $240.57 billion, a PE ratio of 40.09, a P/E/G ratio of 1.50 and a beta of 1.33. The stock's fifty day moving average is $276.15 and its 200-day moving average is $263.23. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, July 22nd. The semiconductor company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.91 by $0.23. The business had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.26 billion. Texas Instruments had a net margin of 31.11% and a return on equity of 35.77%. The business's quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.41 earnings per share. 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 fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. Texas Instruments's payout ratio is 86.45%.

Insider Buying and Selling

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of Texas Instruments 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 transaction, the vice president directly owned 23,181 shares in the company, valued at approximately $6,134,388.03. The trade was a 23.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of analyst reports. Evercore reaffirmed an "outperform" rating and issued a $330.00 price objective on shares of Texas Instruments in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of Texas Instruments from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Truist Financial lifted their price target on Texas Instruments from $278.00 to $300.00 and gave the company a "hold" rating in a report on Thursday, July 23rd. Bank of America boosted their price objective on Texas Instruments from $320.00 to $370.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Finally, HC Wainwright cut Texas Instruments to a "neutral" rating in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $312.12.

Texas Instruments Company Profile

Texas Instruments Incorporated NASDAQ: TXN designs and manufactures semiconductors used in industrial, automotive, personal electronics, communications equipment and enterprise systems. The company's portfolio is led by analog chips, which manage power, sensing and signal processing, and embedded processing products, including microcontrollers and processors that control electronic systems.

Texas Instruments also develops products such as data converters, amplifiers, interface and connectivity devices, motor drivers, power-management semiconductors and calculators.

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