M&T Bank Corp Decreases Stake in Texas Instruments Incorporated $TXN

Key Points

• M&T Bank Corp cut its stake in Texas Instruments by 76.9% in Q4, selling 186,495 shares and leaving 56,124 shares valued at $9.737 million.
• Texas Instruments reported a Q1 beat (EPS $1.68 vs. $1.37 est.) and raised Q2 guidance, with management citing roughly 90% data‑center revenue growth and completing the Silicon Labs acquisition, which spurred analyst upgrades and a strong share rally.
• Insiders have sold material stock recently (114,284 shares over 90 days, including sales by the VP and CFO), while the company also announced a quarterly dividend of $1.42 (annual $5.68, ~2.1% yield) and remains ~85% institutionally owned.

M&T Bank Corp reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 76.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,124 shares of the semiconductor company's stock after selling 186,495 shares during the quarter. M&T Bank Corp's holdings in Texas Instruments were worth $9,737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. Amundi raised its position in shares of Texas Instruments by 61.0% in the 3rd quarter. Amundi now owns 9,445,243 shares of the semiconductor company's stock valued at $1,717,240,000 after purchasing an additional 3,580,147 shares during the last quarter. Invesco Ltd. increased its holdings in Texas Instruments by 16.8% in the 3rd quarter. Invesco Ltd. now owns 16,435,001 shares of the semiconductor company's stock worth $3,019,603,000 after buying an additional 2,366,695 shares during the period. Van ECK Associates Corp increased its holdings in Texas Instruments by 21.8% in the 3rd quarter. Van ECK Associates Corp now owns 9,134,203 shares of the semiconductor company's stock worth $1,678,227,000 after buying an additional 1,635,870 shares during the period. Marshall Wace LLP acquired a new position in Texas Instruments in the 3rd quarter worth approximately $282,492,000. Finally, Corient Private Wealth LLC increased its holdings in Texas Instruments by 94.9% in the 2nd quarter. Corient Private Wealth LLC now owns 2,517,451 shares of the semiconductor company's stock worth $522,559,000 after buying an additional 1,225,524 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Texas Instruments

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

• Positive Sentiment: Q1 beat and raised outlook — TXN reported $1.68 EPS (above estimates) and revenue of $4.83B, and management gave Q2 guidance above consensus, which is the primary catalyst for the rally. Read More.
• Positive Sentiment: Data-center demand surge — Management said data‑center revenue jumped sharply (reports cite ~90% growth), validating TXN’s role in the AI/data-center buildout and driving near-term upside. Read More.
• Positive Sentiment: Analyst upgrades and price-target hikes — Multiple firms (BofA, Rosenblatt, Robert W. Baird, JPMorgan, others) raised ratings/targets after the quarter, adding momentum and buy-side conviction. Read More.
• Positive Sentiment: Strategic M&A — TXN announced acquisition of Silicon Labs to add embedded wireless connectivity, reinforcing its push into industrial edge and AI use cases that could expand addressable market. Read More.
• Neutral Sentiment: Industrial demand mix — Management highlighted industrial strength alongside data centers; investors will be watching sustainability of both end markets into FY26. Read More.
• Negative Sentiment: Valuation and profit-taking risk — The rapid run-up has pushed valuation metrics higher (PE expansion), prompting caution that some gains reflect re-rating rather than only fundamental improvement; a few firms still hold conservative/neutral stances. Read More.
• Negative Sentiment: Mixed price-target signals — While many banks raised targets, at least one large shop set an equal‑weight/near‑term target below the rally level, underscoring divergent views on durability of demand. Read More.

Insider Buying and Selling at Texas Instruments

In other news, VP Hagop H. Kozanian sold 6,843 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $225.95, for a total transaction of $1,546,175.85. Following the sale, the vice president owned 75,425 shares of the company's stock, valued at $17,042,278.75. This trade represents a 8.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rafael R. Lizardi sold 7,096 shares of the firm's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $230.78, for a total transaction of $1,637,614.88. Following the sale, the chief financial officer directly owned 85,454 shares in the company, valued at $19,721,074.12. The trade was a 7.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 114,284 shares of company stock worth $25,531,935. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $205.00 price target on shares of Texas Instruments in a report on Wednesday, January 28th. Robert W. Baird increased their price target on shares of Texas Instruments from $225.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday. KeyCorp increased their price target on shares of Texas Instruments from $240.00 to $325.00 and gave the stock an "overweight" rating in a report on Thursday. Susquehanna reiterated a "positive" rating and issued a $300.00 price target on shares of Texas Instruments in a report on Thursday. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $180.00 price target on shares of Texas Instruments in a report on Wednesday, January 28th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus target price of $257.68.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $276.98 on Friday. The stock has a market capitalization of $252.18 billion, a price-to-earnings ratio of 47.43, a PEG ratio of 2.56 and a beta of 1.01. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $287.83. The firm's 50 day simple moving average is $209.09 and its 200-day simple moving average is $191.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.46 and a quick ratio of 2.83.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.31. The business had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.85 billion. Texas Instruments had a net margin of 29.11% and a return on equity of 32.49%. The business's revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company earned $1.23 EPS. Texas Instruments has set its Q2 2026 guidance at 1.770-2.050 EPS. Analysts expect that Texas Instruments Incorporated will post 6.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.1%. Texas Instruments's dividend payout ratio (DPR) is presently 104.41%.

About Texas Instruments

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.

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