Summit Financial LLC Has $4.02 Million Stock Holdings in Texas Instruments Incorporated $TXN

Key Points

• Summit Financial LLC has increased its holdings in Texas Instruments Incorporated by 12.5%, owning $4.02 million worth of the stock after purchasing additional shares in the first quarter.
• In 2023, Texas Instruments reported quarterly earnings of $1.41 EPS, exceeding analysts' expectations, and showed a 16.4% year-over-year revenue growth with a total of $4.45 billion.
• A number of analysts have raised their price targets for Texas Instruments, with Benchmark increasing it from $200 to $220 and the consensus price target now at $212.21.

Summit Financial LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,341 shares of the semiconductor company's stock after purchasing an additional 2,486 shares during the quarter. Summit Financial LLC's holdings in Texas Instruments were worth $4,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Texas Instruments by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company's stock worth $16,895,567,000 after purchasing an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Texas Instruments by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company's stock worth $3,938,274,000 after purchasing an additional 428,356 shares in the last quarter. Invesco Ltd. increased its position in Texas Instruments by 14.6% during the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock worth $2,448,335,000 after purchasing an additional 1,731,411 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Texas Instruments by 20.6% during the 1st 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 purchasing an additional 2,257,086 shares in the last quarter. Finally, Northern Trust Corp increased its position in Texas Instruments by 0.9% during the 1st quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company's stock worth $1,885,770,000 after purchasing an additional 95,980 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Benchmark boosted their target price on shares of Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Arete Research raised shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Truist Financial boosted their target price on shares of Texas Instruments from $171.00 to $196.00 and gave the stock a "hold" rating in a report on Wednesday, July 23rd. Cantor Fitzgerald reissued a "neutral" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, Seaport Res Ptn raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $212.21.

Texas Instruments Trading Down 0.0%

NASDAQ:TXN opened at $200.71 on Friday. The firm's fifty day moving average is $200.98 and its 200-day moving average is $185.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The firm has a market cap of $182.47 billion, a P/E ratio of 36.76, a P/E/G ratio of 3.28 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the firm posted $1.17 EPS. The company's quarterly revenue was up 16.4% on a year-over-year basis. Texas Instruments has set its Q3 2025 guidance at 1.360-1.600 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.7%. Texas Instruments's dividend payout ratio is currently 99.63%.

Texas Instruments Profile

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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