Wedge Capital Management L L P NC Lowers Holdings in Texas Instruments Incorporated $TXN

Key Points

• Wedge Capital Management reduced its Texas Instruments stake by 11.7% in the second quarter, selling 35,368 shares and retaining 266,012 shares worth approximately $79.3 million. Institutional investors and hedge funds own 84.99% of TXN.
• Texas Instruments exceeded quarterly expectations with $2.14 EPS and $5.46 billion in revenue, while revenue rose 22.8% year over year. The company provided third-quarter 2026 EPS guidance of $2.23–$2.57.
• TI paid a quarterly dividend of $1.42 per share, equivalent to an annualized $5.68 and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $312.12.

Wedge Capital Management L L P NC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 266,012 shares of the semiconductor company's stock after selling 35,368 shares during the period. Texas Instruments makes up 1.3% of Wedge Capital Management L L P NC's holdings, making the stock its 13th biggest holding. Wedge Capital Management L L P NC's holdings in Texas Instruments were worth $79,290,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after purchasing an additional 4,218 shares during the period. Intech Investment Management LLC grew its holdings in Texas Instruments by 12.8% during the 1st quarter. Intech Investment Management LLC now owns 9,084 shares of the semiconductor company's stock worth $1,632,000 after acquiring an additional 1,031 shares in the last quarter. Osterweis Capital Management Inc. increased its position in shares of Texas Instruments by 1,810.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 191 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 181 shares during the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of Texas Instruments by 1.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,417 shares of the semiconductor company's stock valued at $1,540,000 after purchasing an additional 126 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its position in shares of Texas Instruments by 3.5% during the 2nd quarter. HUB Investment Partners LLC now owns 14,673 shares of the semiconductor company's stock worth $3,046,000 after purchasing an additional 496 shares during 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 related news, CFO Rafael R. Lizardi sold 47,734 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $308.10, for a total transaction of $14,706,845.40. Following the completion of the sale, the chief financial officer owned 85,485 shares in the company, valued at $26,337,928.50. This represents a 35.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ahmad Bahai sold 5,000 shares of Texas Instruments stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $309.13, for a total transaction of $1,545,650.00. Following the completion of the transaction, the vice president owned 42,519 shares in the company, valued at approximately $13,143,898.47. This represents a 10.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

Shares of TXN stock opened at $281.24 on Wednesday. The stock's 50-day moving average is $294.04 and its two-hundred day moving average is $255.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The firm has a market cap of $256.84 billion, a price-to-earnings ratio of 42.81, a PEG ratio of 1.10 and a beta of 1.33.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The semiconductor company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.23. The firm had revenue of $5.46 billion during the quarter, compared to analysts' expectations 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 was up 22.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 EPS. Texas Instruments has set its Q3 2026 guidance at 2.230-2.570 EPS. Analysts predict that Texas Instruments Incorporated will post 8.42 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments's payout ratio is presently 86.45%.

Analyst Ratings Changes

A number of equities analysts recently commented on TXN shares. Jefferies Financial Group upgraded shares of Texas Instruments from a "hold" rating to a "buy" rating in a research note on Friday, May 22nd. Arete Research set a $405.00 price target on Texas Instruments and gave the stock a "buy" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $280.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. TD Cowen cut their target price on Texas Instruments from $360.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of Texas Instruments in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Moderate Buy" and a consensus target price of $312.12.

Texas Instruments Company 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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