Rockland Trust Co. Reduces Stock Position in Texas Instruments Incorporated $TXN

Key Points

• Rockland Trust reduced its Texas Instruments position by 6.4% in the second quarter, selling 9,408 shares and retaining 136,799 shares worth approximately $40.8 million. Institutional investors still own 84.99% of TXN.
• Analyst sentiment remains mixed: TXN has a consensus “Hold” rating and an average price target of $312.12, despite some firms raising their targets and Zacks increasing several earnings estimates.
• Texas Instruments reported quarterly earnings of $2.14 per share and revenue of $5.46 billion, beating estimates and marking 22.8% year-over-year revenue growth. The company also declared a quarterly dividend of $1.42 per share, representing a 2.0% annualized yield.

Rockland Trust Co. cut its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,799 shares of the semiconductor company's stock after selling 9,408 shares during the period. Texas Instruments makes up 1.6% of Rockland Trust Co.'s holdings, making the stock its 15th largest position. Rockland Trust Co.'s holdings in Texas Instruments were worth $40,776,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TXN. State Street Corp boosted its position in 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 buying an additional 230,098 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,288,604 shares of the semiconductor company's stock worth $4,213,832,000 after buying an additional 1,517,420 shares during the last quarter. Geode Capital Management LLC raised its position in Texas Instruments by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 22,865,312 shares of the semiconductor company's stock worth $3,952,933,000 after buying an additional 248,515 shares during the last quarter. Invesco Ltd. lifted its stake in Texas Instruments by 10.6% during the 4th quarter. Invesco Ltd. now owns 18,184,514 shares of the semiconductor company's stock valued at $3,154,831,000 after acquiring an additional 1,749,513 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Texas Instruments by 33.6% in the 1st quarter. Bank of New York Mellon Corp now owns 16,402,834 shares of the semiconductor company's stock valued at $3,184,446,000 after acquiring an additional 4,129,601 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TXN shares. Cantor Fitzgerald reiterated a "neutral" rating on shares of Texas Instruments in a research note on Monday, July 20th. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $200.00 to $225.00 and gave the company a "sell" rating in a report on Thursday, July 23rd. Bank of America increased their price target on Texas Instruments from $320.00 to $370.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Mizuho lifted their price objective on Texas Instruments from $300.00 to $305.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, Zacks Research cut Texas Instruments from a "strong-buy" rating to a "hold" rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $312.12.

Insiders Place Their Bets

In other news, VP Ahmad Bahai sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $309.13, for a total value of $1,545,650.00. Following the completion of the sale, the vice president directly owned 42,519 shares in the company, valued at $13,143,898.47. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Rafael R. Lizardi sold 47,734 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $308.10, for a total value of $14,706,845.40. Following the transaction, the chief financial officer directly owned 85,485 shares of the company's stock, valued at approximately $26,337,928.50. The trade was a 35.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 66,535 shares of company stock valued at $20,425,724 in the last three months. 0.60% of the stock is currently owned by company insiders.

Key Texas Instruments News

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

• Positive Sentiment: Higher earnings forecasts: Zacks Research raised its Q3 2026 EPS estimate to $2.25 from $1.81 and its FY2026 forecast to $7.87 from $7.05. Estimates also increased for Q4 2026, Q1 2027, FY2027 and FY2028, with FY2027 EPS now projected at $9.13 and FY2028 at $10.34. These revisions suggest stronger anticipated demand and earnings momentum. Texas Instruments earnings estimate revisions
• Positive Sentiment: Strong Buy recognition: TXN was added to Zacks Rank #1 “Strong Buy” lists covering momentum, income and overall stock selections. These rankings may attract additional investor interest, though they are model-based signals rather than changes to the company’s fundamentals. New Strong Buy Stocks for August 6th
• Positive Sentiment: AI-driven sector optimism: Continued semiconductor-sales growth and strong AI demand are supporting the broader chip group. While TXN is primarily an analog and embedded-chip manufacturer rather than an AI accelerator company, sector-wide optimism can improve sentiment toward semiconductor suppliers. Semiconductor Sales Continue to Grow on AI Optimism
• Neutral Sentiment: Mixed estimate adjustments: Zacks trimmed its Q2 2027 EPS forecast slightly to $2.19 from $2.20 and Q2 2028 to $2.64 from $2.71. Zacks continues to rate TXN “Hold,” indicating that improved forecasts have not yet resulted in a formal bullish recommendation.
• Negative Sentiment: Semiconductor volatility remains: Weak guidance from Sandisk triggered a selloff in AI-related chip stocks, underscoring the risk that disappointing outlooks elsewhere in the industry could pressure TXN despite its improved estimates. Sandisk’s Weak Guidance Sends AI Chip Stocks Tumbling

Texas Instruments Stock Up 2.8%

TXN stock opened at $286.08 on Friday. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. The firm's fifty day moving average is $294.84 and its 200 day moving average is $253.60. The firm has a market cap of $261.26 billion, a PE ratio of 43.54, a P/E/G ratio of 1.09 and a beta of 1.33.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The semiconductor company reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.23. Texas Instruments had a net margin of 31.11% and a return on equity of 35.77%. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The company's revenue was up 22.8% compared to the same quarter last year. Texas Instruments has set its Q3 2026 guidance at 2.230-2.570 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 8.42 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be given a dividend of $1.42 per share. The ex-dividend date is Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. Texas Instruments's dividend payout ratio is currently 86.45%.

Texas Instruments 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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