Norges Bank Purchases Shares of 14,505,898 Texas Instruments Incorporated $TXN

Key Points

• Norges Bank disclosed a new fourth-quarter stake in Texas Instruments, buying 14.5 million shares valued at about $2.52 billion and taking a 1.6% ownership position.
• Texas Instruments reported strong quarterly earnings, with EPS of $1.68 beating estimates, and revenue up 18.6% year over year; the company also issued Q2 guidance above $1.77 to $2.05 EPS.
• The company paid a $1.42 quarterly dividend and has attracted a mix of analyst support and insider selling, with several firms raising price targets while insiders sold shares in recent months.

Norges Bank purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,505,898 shares of the semiconductor company's stock, valued at approximately $2,516,628,000. Norges Bank owned 1.60% of Texas Instruments as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Texas Instruments by 1.0% during the third quarter. Vanguard Group Inc. now owns 96,445,978 shares of the semiconductor company's stock valued at $17,720,020,000 after purchasing an additional 998,658 shares during the period. State Street Corp lifted its position in shares of Texas Instruments by 0.5% in the third quarter. State Street Corp now owns 43,555,112 shares of the semiconductor company's stock valued at $8,002,381,000 after acquiring an additional 230,098 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Texas Instruments by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 22,865,312 shares of the semiconductor company's stock valued at $3,952,933,000 after acquiring an additional 248,515 shares in the last quarter. Invesco Ltd. lifted its position in shares of Texas Instruments by 16.8% in the third quarter. Invesco Ltd. now owns 16,435,001 shares of the semiconductor company's stock valued at $3,019,603,000 after acquiring an additional 2,366,695 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Texas Instruments by 2.7% in the third quarter. Alliancebernstein L.P. now owns 11,557,813 shares of the semiconductor company's stock valued at $2,123,517,000 after acquiring an additional 305,022 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Insider Buying and Selling

In related news, VP Ahmad Bahai sold 5,000 shares of the business's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $309.13, for a total value of $1,545,650.00. Following the sale, the vice president owned 42,519 shares in the company, valued at approximately $13,143,898.47. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the sale, the director owned 37,626 shares in the company, valued at $11,528,982.66. This represents a 19.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 303,475 shares of company stock valued at $85,666,638 in the last three months. Corporate insiders own 0.60% of the company's stock.

Texas Instruments Price Performance

NASDAQ:TXN opened at $305.68 on Friday. The company has a current ratio of 4.46, a quick ratio of 2.94 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $278.20 billion, a P/E ratio of 52.34, a P/E/G ratio of 1.59 and a beta of 1.31. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $331.51. The business's 50-day moving average is $250.76 and its 200 day moving average is $211.58.

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

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, May 5th. Texas Instruments's payout ratio is currently 97.26%.

Key Texas Instruments News

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

• Positive Sentiment: Market commentary highlighted Texas Instruments as one of the semiconductor names positioned to benefit from AI’s rising power-supply and analog-chip bottlenecks, which could support future demand. Article Link
• Positive Sentiment: Zacks included TXN in a list of AI stocks to buy, citing strong demand trends across the semiconductor space. Article Link
• Positive Sentiment: Industry coverage of the long-distance wireless connection MCU market named Texas Instruments among major players benefiting from growth in IoT, 5G, and energy-efficient devices. Article Link
• Neutral Sentiment: Texas Instruments presented at Bernstein’s annual strategic decisions conference, but the transcript headline does not indicate a major new catalyst by itself. Article Link
• Neutral Sentiment: Short-interest data showed no meaningful short position change, offering little directional signal for the stock.
• Negative Sentiment: A GuruFocus report said TXN has pulled back and still looks overvalued, which can weigh on investor sentiment and valuation expectations. Article Link

Analysts Set New Price Targets

Several brokerages have recently commented on TXN. Bank of America boosted their price objective on Texas Instruments from $320.00 to $370.00 and gave the company a "buy" rating in a research report on Tuesday. Weiss Ratings upgraded Texas Instruments from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, May 6th. Zacks Research upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 24th. Robert W. Baird boosted their price objective on Texas Instruments from $225.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $227.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $265.57.

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.

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