Texas Instruments Incorporated $TXN Stock: Assenagon Asset Management S.A. Grows Stake

Key Points

• Assenagon Asset Management increased its Texas Instruments stake by 74.9% in the third quarter, acquiring 1.71 million additional shares. The firm now owns about 0.44% of TXN, valued at approximately $1.12 billion.
• Texas Instruments reported quarterly EPS of $2.14, exceeding estimates of $1.91, while revenue rose 22.8% year over year to $5.46 billion. The company also raised its quarterly dividend from $1.42 to $1.52 per share, equivalent to a 2.2% annual yield.
• Analysts remain mixed, with a consensus “Hold” rating and an average price target of $304.26 versus the stock’s reported price of $279.12. Institutional investors collectively own 84.99% of the company.

Assenagon Asset Management S.A. grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 74.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,990,292 shares of the semiconductor company's stock after purchasing an additional 1,709,339 shares during the quarter. Texas Instruments makes up approximately 0.8% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 20th largest position. Assenagon Asset Management S.A. owned approximately 0.44% of Texas Instruments worth $1,117,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. HBW Advisory Services LLC grew its stake in Texas Instruments by 2.2% in the first quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company's stock worth $336,000 after purchasing an additional 37 shares in the last quarter. Montz Harcus Wealth Management LLC lifted its holdings in shares of Texas Instruments by 2.9% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company's stock worth $260,000 after buying an additional 38 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Texas Instruments by 0.6% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company's stock worth $1,157,000 after buying an additional 38 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of Texas Instruments by 0.6% during the 3rd quarter. Moody National Bank Trust Division now owns 6,063 shares of the semiconductor company's stock worth $1,698,000 after buying an additional 39 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its stake in shares of Texas Instruments by 3.3% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 1,299 shares of the semiconductor company's stock valued at $364,000 after buying an additional 41 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.5%

Shares of NASDAQ TXN opened at $279.12 on Friday. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $254.91 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The stock's fifty day simple moving average is $271.94 and its two-hundred day simple moving average is $276.42. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.91 by $0.23. The firm had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.26 billion. Texas Instruments had a return on equity of 35.77% and a net margin of 31.11%. The business's revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 EPS. Texas Instruments has set its Q3 2026 guidance at 2.230-2.570 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 8.45 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be given a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, October 30th. This is an increase from Texas Instruments's previous quarterly dividend of $1.42. Texas Instruments's payout ratio is presently 86.45%.

Insider Activity

In other news, VP Tsedeniya Abraham sold 7,000 shares of Texas Instruments stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $264.63, for a total value of $1,852,410.00. Following the transaction, the vice president owned 23,181 shares of the company's stock, valued at $6,134,388.03. The trade was a 23.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on Texas Instruments from $340.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. KeyCorp increased their target price on shares of Texas Instruments from $390.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Mizuho increased their target price on shares of Texas Instruments from $300.00 to $305.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of Texas Instruments from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Finally, Sanford C. Bernstein raised their target price on shares of Texas Instruments from $250.00 to $290.00 and gave the company a "market perform" rating in a research report on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and an average target price of $304.26.

Texas Instruments Profile

Texas Instruments Incorporated NASDAQ: TXN designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.

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