First Merchants Corp Cuts Stock Position in Texas Instruments Incorporated $TXN

Key Points

• First Merchants Corp cut its Texas Instruments stake by 8.2% in the first quarter, selling 3,159 shares and ending with 35,468 shares valued at about $6.89 million.
• Texas Instruments also saw notable insider selling, including CEO Haviv Ilan and Director Carrie Smith Cox, while insiders sold 303,475 shares in the last quarter overall.
• The company reported strong quarterly results with EPS of $1.68 beating estimates and revenue up 18.6% year over year, while analysts remain mixed with a consensus rating of “Hold” despite several price target increases.

First Merchants Corp decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,468 shares of the semiconductor company's stock after selling 3,159 shares during the period. First Merchants Corp's holdings in Texas Instruments were worth $6,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TXN. High Point Wealth Management LLC purchased a new stake in Texas Instruments during the fourth quarter worth about $25,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Texas Instruments during the second quarter worth about $25,000. Advocate Investing Services LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Ares Financial Consulting LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In other news, CEO Haviv Ilan sold 20,000 shares of Texas Instruments stock in a transaction on Monday, May 4th. The shares were sold at an average price of $280.32, for a total transaction of $5,606,400.00. Following the completion of the sale, the chief executive officer directly owned 204,339 shares of the company's stock, valued at approximately $57,280,308.48. The trade was a 8.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carrie Smith Cox sold 8,838 shares of the business's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $306.41, for a total transaction of $2,708,051.58. Following the transaction, the director owned 37,626 shares of the company's stock, valued at approximately $11,528,982.66. The trade was a 19.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 303,475 shares of company stock worth $85,666,638. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Bank of America upped their target price on shares of Texas Instruments from $320.00 to $370.00 and gave the stock a "buy" rating in a research note on Tuesday, May 26th. TD Cowen raised their price target on shares of Texas Instruments from $250.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Wolfe Research restated an "outperform" rating and issued a $315.00 price target on shares of Texas Instruments in a research note on Thursday, April 23rd. Jefferies Financial Group raised Texas Instruments from a "hold" rating to a "buy" rating in a research report on Friday, May 22nd. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Texas Instruments in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and a consensus price target of $269.61.

Texas Instruments Price Performance

TXN stock opened at $322.86 on Monday. The company's 50 day moving average price is $283.01 and its 200 day moving average price is $226.79. The firm has a market capitalization of $293.83 billion, a price-to-earnings ratio of 55.28, a PEG ratio of 1.62 and a beta of 1.32. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $331.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.31. Texas Instruments had a net margin of 29.11% and a return on equity of 32.49%. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The firm's quarterly revenue was up 18.6% on a year-over-year basis. Texas Instruments has set its Q2 2026 guidance at 1.770-2.050 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 7.66 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, May 5th. Texas Instruments's dividend payout ratio (DPR) is presently 97.26%.

Key Texas Instruments News

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

• Positive Sentiment: Investors are buying into Texas Instruments’ growing role in AI infrastructure, with recent commentary highlighting stronger demand for power chips used in data centers and improved sentiment following its solid quarterly results and upbeat outlook.
• Positive Sentiment: The company’s recent earnings report showed revenue of $4.83 billion and EPS of $1.68, and management guided Q2 EPS above prior expectations, reinforcing the view that the business cycle is improving. 2 Pick-and-Shovel AI Stocks Powering the Data Center Boom
• Neutral Sentiment: Some analysts remain cautious on the near-term follow-through, noting that the latest earnings estimate revisions may not be enough to drive much more upside immediately. Strength Seen in Texas Instruments (TXN): Can Its 7.0% Jump Turn into More Strength?
• Neutral Sentiment: Broader semiconductor-sector skepticism could limit enthusiasm, even though the industry has rallied strongly on AI-related growth expectations. 3 Semiconductor Stocks We’re Skeptical Of

Texas Instruments Company Profile

Texas Instruments Inc NASDAQ: TXN is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company's products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI's business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI's product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.