Viking Fund Management LLC Decreases Stake in Texas Instruments Incorporated $TXN

Key Points

• Viking Fund Management LLC reduced its stake in Texas Instruments by 22.0%, selling 9,000 shares during the second quarter, now holding a value of approximately $6.64 million.
• In the fourth quarter, several institutional investors, including Brighton Jones LLC and Vise Technologies Inc., significantly increased their holdings, indicating strong interest from hedge funds and institutional investors.
• Texas Instruments recently declared a quarterly dividend of $1.42, enhanced from the previous $1.36, reflecting a dividend yield of 3.2% and a payout ratio of 99.63%.

Viking Fund Management LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 22.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,000 shares of the semiconductor company's stock after selling 9,000 shares during the quarter. Viking Fund Management LLC's holdings in Texas Instruments were worth $6,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TXN. Cloud Capital Management LLC acquired a new stake in Texas Instruments during the 1st quarter worth approximately $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments in the fourth quarter valued at $30,000. Dagco Inc. bought a new position in shares of Texas Instruments in the first quarter valued at $32,000. CBIZ Investment Advisory Services LLC grew its stake in shares of Texas Instruments by 67.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company's stock valued at $33,000 after buying an additional 75 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Texas Instruments in the first quarter valued at $34,000. 84.99% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Ahmad Bahai sold 1,500 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president directly owned 38,883 shares of the company's stock, valued at $7,984,624.05. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TXN has been the subject of several analyst reports. Susquehanna decreased their target price on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Tuesday, July 22nd. UBS Group set a $255.00 price objective on shares of Texas Instruments in a research report on Tuesday, July 22nd. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Truist Financial lifted their price objective on shares of Texas Instruments from $171.00 to $196.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $213.82.

Texas Instruments Price Performance

NASDAQ TXN traded up $2.32 during trading on Tuesday, hitting $181.94. 1,444,360 shares of the company's stock were exchanged, compared to its average volume of 7,265,602. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The company has a market cap of $165.41 billion, a PE ratio of 33.29, a P/E/G ratio of 2.93 and a beta of 1.02. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The stock's 50 day moving average price is $193.32 and its two-hundred day moving average price is $185.70.

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

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.1%. This is a boost from Texas Instruments's previous quarterly dividend of $1.36. Texas Instruments's payout ratio is 99.63%.

About Texas Instruments

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.