Banque Pictet & Cie SA Decreases Stake in Texas Instruments Incorporated $TXN

Key Points

• Banque Pictet & Cie SA has decreased its stake in Texas Instruments by 3.6%, now holding 2,146,874 shares, which constitutes approximately 3.1% of its total holdings.
• Texas Instruments reported a 16.4% year-over-year revenue increase in its latest quarterly results, achieving $4.45 billion, along with an EPS of $1.41, beating expectations.
• The company recently declared a quarterly dividend of $1.42 per share, marking a positive change from the previous dividend of $1.36, with a yield of 3.1%.

Banque Pictet & Cie SA reduced its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,146,874 shares of the semiconductor company's stock after selling 80,110 shares during the quarter. Texas Instruments comprises about 3.1% of Banque Pictet & Cie SA's holdings, making the stock its 5th biggest holding. Banque Pictet & Cie SA owned 0.24% of Texas Instruments worth $445,734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Texas Instruments in the first quarter worth $711,387,000. GAMMA Investing LLC increased its stake in Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after acquiring an additional 3,406,386 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Texas Instruments by 20.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company's stock valued at $2,371,657,000 after acquiring an additional 2,257,086 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Texas Instruments by 2,898.0% in the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after acquiring an additional 2,140,605 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Texas Instruments by 117.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,500,474 shares of the semiconductor company's stock valued at $726,768,000 after acquiring an additional 1,888,354 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $182.04 on Friday. The stock has a market cap of $165.50 billion, a PE ratio of 33.34, a PEG ratio of 3.01 and a beta of 1.02. The company's fifty day moving average is $191.25 and its 200 day moving average is $185.63. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. Texas Instruments has set its Q3 2025 guidance at 1.360-1.600 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.36. Texas Instruments's dividend payout ratio is 99.63%.

Insider Buying and Selling

In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the transaction, the vice president directly owned 38,883 shares of the company's stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on TXN. KeyCorp upped their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Arete Research raised shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. UBS Group set a $255.00 price objective on shares of Texas Instruments in a research report on Tuesday, July 22nd. Robert W. Baird upped their target price on shares of Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, DZ Bank restated a "sell" rating and set a $158.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and an average price target of $213.82.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.

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