Cullinan Associates Inc. Cuts Position in Texas Instruments Incorporated $TXN

Key Points

• Cullinan Associates Inc. reduced its position in Texas Instruments by 3.1%, ending with 87,915 shares, which represents approximately 1.2% of their investment portfolio.
• Texas Instruments recently reported its quarterly earnings with an EPS of $1.41, beating expectations, and a revenue of $4.45 billion, which was above the analysts' estimates.
• The company announced an increase in its quarterly dividend from $1.36 to $1.42 per share, with a payment date set for November 12th.

Cullinan Associates Inc. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,915 shares of the semiconductor company's stock after selling 2,844 shares during the quarter. Texas Instruments comprises approximately 1.2% of Cullinan Associates Inc.'s investment portfolio, making the stock its 21st biggest holding. Cullinan Associates Inc.'s holdings in Texas Instruments were worth $18,253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TXN. Nuveen LLC purchased a new stake in shares of Texas Instruments during the 1st quarter worth about $711,387,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Texas Instruments by 20.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company's stock worth $2,371,657,000 after buying an additional 2,257,086 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Texas Instruments by 2,898.0% during the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock worth $397,940,000 after purchasing an additional 2,140,605 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Texas Instruments by 117.1% in 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 buying an additional 1,888,354 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock valued at $2,448,335,000 after purchasing an additional 1,731,411 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TXN. Bank of America decreased their price objective on Texas Instruments from $218.00 to $208.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Arete started coverage on shares of Texas Instruments in a research report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 target price on the stock. TD Cowen lowered their target price on shares of Texas Instruments from $245.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $245.00 price target on shares of Texas Instruments in a research note on Wednesday, July 23rd. Finally, Benchmark restated a "buy" rating and issued a $220.00 price objective on shares of Texas Instruments in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $213.82.

Texas Instruments Price Performance

TXN stock opened at $180.32 on Monday. The company has a market capitalization of $163.94 billion, a P/E ratio of 33.03, a PEG ratio of 2.95 and a beta of 1.01. The business has a 50 day simple moving average of $189.08 and a 200-day simple moving average of $185.92. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.

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

Texas Instruments Increases Dividend

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

Insider Buying and Selling at Texas Instruments

In related news, VP Ahmad Bahai sold 1,500 shares of the firm's 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 completion of the transaction, the vice president directly owned 38,883 shares of the company's stock, valued at $7,984,624.05. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

About Texas Instruments

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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