Texas Instruments Incorporated $TXN Shares Sold by Arizona State Retirement System

Key Points

• Arizona State Retirement System reduced its stake in Texas Instruments by 3.3% in Q4, selling 8,722 shares and leaving 256,584 shares valued at $44.515 million.
• Insiders sold heavily—114,284 shares were sold over the last quarter, including CFO Rafael Lizardi's 64,532‑share sale (~$14.24M) and VP Mark Gary's 12,921‑share sale, cutting insider ownership to 0.60%.
• Fundamentals and outlook improved: TI beat Q1 EPS expectations ($1.68 vs. $1.37), reported revenue up 18.6% YoY and issued strong Q2 guidance, spurring analyst upgrades and a sharp stock rally.

Arizona State Retirement System reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,584 shares of the semiconductor company's stock after selling 8,722 shares during the period. Arizona State Retirement System's holdings in Texas Instruments were worth $44,515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of Texas Instruments by 107.1% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 580 shares of the semiconductor company's stock valued at $101,000 after purchasing an additional 300 shares in the last quarter. Diversified Enterprises LLC raised its holdings in shares of Texas Instruments by 15.8% in the 4th quarter. Diversified Enterprises LLC now owns 4,051 shares of the semiconductor company's stock valued at $703,000 after purchasing an additional 553 shares in the last quarter. Spectrum Investment Advisors Inc. acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $350,000. WPG Advisers LLC raised its holdings in shares of Texas Instruments by 55.2% in the 4th quarter. WPG Advisers LLC now owns 475 shares of the semiconductor company's stock valued at $82,000 after purchasing an additional 169 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Texas Instruments by 33.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 4,144 shares of the semiconductor company's stock valued at $719,000 after purchasing an additional 1,029 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other news, CFO Rafael R. Lizardi sold 64,532 shares of the business's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $220.74, for a total transaction of $14,244,793.68. Following the transaction, the chief financial officer directly owned 92,550 shares in the company, valued at $20,429,487. The trade was a 41.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Mark Gary sold 12,921 shares of the business's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $230.10, for a total transaction of $2,973,122.10. Following the transaction, the vice president owned 45,547 shares in the company, valued at approximately $10,480,364.70. This trade represents a 22.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 114,284 shares of company stock valued at $25,531,935. Insiders own 0.60% of the company's stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $282.23 on Friday. The stock has a market capitalization of $256.96 billion, a PE ratio of 48.33, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $284.12. The stock's 50-day moving average price is $208.08 and its 200 day moving average price is $190.39. The company has a quick ratio of 2.83, a current ratio of 4.35 and a debt-to-equity ratio of 0.83.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.31. The firm had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.85 billion. Texas Instruments had a return on equity of 32.66% and a net margin of 29.11%.The firm's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 EPS. Texas Instruments has set its Q2 2026 guidance at 1.770-2.050 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 6.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, May 5th. Texas Instruments's payout ratio is 104.41%.

Trending Headlines about Texas Instruments

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

• Positive Sentiment: Q1 results beat Street estimates (EPS and revenue), and TI issued Q2 guidance well above consensus — the core trigger for the rally as investors reprice earnings durability and margins. Texas Instruments' stock jumps 18%, heads for best day since 2000 as AI demand soars
• Positive Sentiment: Bank of America upgraded TXN to Buy and raised its price target to $320, amplifying bullish investor sentiment and providing a high‑profile validation of the “industrial + AI/data‑center” thesis. BofA Just Upgraded Texas Instruments to Buy With a $320 Target. Is This the Ultimate Industrial AI Chip Play?
• Positive Sentiment: Multiple firms raised ratings and targets (examples: JPMorgan to $280/Overweight, Rosenblatt and others boosting targets into the $300s), reinforcing buying momentum from institutions and analysts. These Analysts Boost Their Forecasts On Texas Instruments After Upbeat Q1 Earnings
• Positive Sentiment: Analysts and outlets point to a twin demand driver — industrial (manufacturing, aero/defense) recovery plus accelerating data‑center infrastructure spending — which supports both revenue growth and higher margins. Texas Instruments To Benefit From Industrial Resurgence, Data Center Demand, BofA Says
• Neutral Sentiment: Broader market volatility (midday declines tied to oil price moves and macro headlines) could cap gains or produce pullbacks despite company‑specific strength. US Equity Indexes Decline as Corporate Earnings Weigh, Hormuz Standstill Continues
• Neutral Sentiment: TI’s strong outlook has buoyed other analog/semiconductor names (On Semi, ADI), suggesting sector‑wide positioning may amplify flows into TXN but also raise correlation risk. On Semi and Analog Devices Stocks Head for Record Highs. Thank Texas Instruments.
• Negative Sentiment: Notable insider selling has been reported recently, which some investors view as a cautionary signal even as results are strong. Monitor insider activity and whether demand proves persistent. Texas Instruments Insiders Sold US$6.6m Of Shares Suggesting Hesitancy

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TXN. Wolfe Research restated an "outperform" rating and issued a $315.00 price objective on shares of Texas Instruments in a report on Thursday. Sanford C. Bernstein restated a "market perform" rating and issued a $205.00 price objective on shares of Texas Instruments in a report on Wednesday, January 28th. DZ Bank upgraded shares of Texas Instruments to a "strong sell" rating in a report on Monday, February 9th. Jefferies Financial Group raised their price objective on shares of Texas Instruments from $210.00 to $260.00 and gave the stock a "hold" rating in a report on Thursday. Finally, Barclays set a $175.00 price objective on shares of Texas Instruments in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $257.68.

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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