Banque Pictet & Cie SA Sells 669,453 Shares of Texas Instruments Incorporated $TXN

Key Points

• Banque Pictet & Cie SA cut its Texas Instruments stake by 44.2%, selling 669,453 shares and retaining 844,012 shares worth approximately $236.4 million. Institutional investors and hedge funds collectively own 84.99% of TXN.
• Texas Instruments reported quarterly EPS of $2.14 and revenue of $5.46 billion, exceeding analyst expectations, while revenue rose 22.8% year over year.
• The company increased its quarterly dividend to $1.52 per share, or $6.08 annualized, yielding about 2.2%. Analysts maintain a consensus “Hold” rating with an average price target of $304.26.

Banque Pictet & Cie SA trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 44.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844,012 shares of the semiconductor company's stock after selling 669,453 shares during the period. Texas Instruments comprises approximately 1.6% of Banque Pictet & Cie SA's holdings, making the stock its 13th biggest holding. Banque Pictet & Cie SA owned 0.09% of Texas Instruments worth $236,399,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Texas Instruments in the second quarter valued at approximately $24,607,313,000. Bank of New York Mellon Corp purchased a new stake in Texas Instruments during the second quarter worth approximately $4,488,666,000. Bank of America Corp DE purchased a new stake in Texas Instruments during the second quarter worth approximately $3,700,842,000. Van ECK Associates Corp boosted its position in Texas Instruments by 1.5% during the 2nd quarter. Van ECK Associates Corp now owns 12,149,167 shares of the semiconductor company's stock worth $3,621,302,000 after purchasing an additional 177,511 shares during the period. Finally, Invesco Ltd. increased its holdings in 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 in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the sale, the vice president owned 23,181 shares of the company's stock, valued at $6,134,388.03. This represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Texas Instruments Stock Down 0.9%

NASDAQ TXN opened at $276.48 on Friday. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The company has a market capitalization of $252.50 billion, a P/E ratio of 42.48, a PEG ratio of 1.56 and a beta of 1.35. The company's 50 day simple moving average is $271.75 and its 200 day simple moving average is $276.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44.

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 the consensus estimate of $1.91 by $0.23. The company had revenue of $5.46 billion during the quarter, compared to analysts' expectations of $5.26 billion. Texas Instruments had a net margin of 31.11% and a return on equity of 35.77%. The business's revenue for the quarter was up 22.8% on a year-over-year basis. During the same period last year, the company posted $1.41 earnings per share. Texas Instruments has set its Q3 2026 guidance at 2.230-2.570 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 8.46 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be given a $1.52 dividend. This is an increase 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 2.2%. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments's payout ratio is presently 86.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TXN. Morgan Stanley boosted their target price on shares of Texas Instruments from $230.00 to $255.00 and gave the stock an "underweight" rating in a research report on Thursday, July 23rd. Zacks Research lowered Texas Instruments from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 21st. The Goldman Sachs Group boosted their price target on Texas Instruments from $200.00 to $225.00 and gave the stock a "sell" rating in a research note on Thursday, July 23rd. Truist Financial upped their target price on Texas Instruments from $278.00 to $300.00 and gave the company a "hold" rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research report on Saturday, July 18th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $304.26.

More Texas Instruments News

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Texas Instruments’ history of exceeding earnings expectations, combined with favorable current earnings-estimate trends, has increased the possibility of another quarterly beat. Investors are also watching operating metrics beyond revenue and earnings per share for evidence of sustained demand. Will Texas Instruments Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Analysts expect strength in Texas Instruments’ analog and embedded-processing businesses to support third-quarter results, reflecting demand from industrial, automotive and data-center markets. TXN to Report Q3 Earnings: Should You Buy, Hold or Sell the Stock?
• Positive Sentiment: The board declared a fourth-quarter cash dividend of $1.52 per share, payable Nov. 10 to shareholders of record Oct. 30. The announcement reinforces TXN’s shareholder-return profile and may provide some support for income-focused investors. Texas Instruments Board Declares Fourth Quarter 2026 Quarterly Dividend
• Positive Sentiment: Exchange-traded funds purchased approximately $113.2 million of TXN stock on Oct. 13, indicating institutional or index-related buying interest. ETFs Bought $113.2 Million of Texas Instruments
• Neutral Sentiment: Wall Street’s third-quarter preview emphasizes key indicators such as segment performance, margins and demand trends. These metrics could be more important for TXN’s valuation than simply meeting consensus revenue and EPS estimates. Texas Instruments Q3 Earnings Key Metrics
• Negative Sentiment: Geopolitical tensions remain a risk to semiconductor supply chains and international demand. In addition, TXN’s elevated valuation leaves less room for disappointment if its earnings outlook or margins fall short of expectations. TXN Q3 Earnings Investment Outlook

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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