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

Key Points

• Wedge Capital Management reduced its stake in Texas Instruments by 5.0%, selling 3,234 shares and ending the second quarter with 61,144 shares valued at approximately $12.7 million.
• The company declared a quarterly dividend of $1.42, an increase from its previous quarterly dividend of $1.36, representing an annualized yield of 3.2%.
• Research analysts have set varied price targets for Texas Instruments, with ranges from $158 to $245, reflecting the mixed sentiment in the market regarding the stock's future performance.

Wedge Capital Management L L P NC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,144 shares of the semiconductor company's stock after selling 3,234 shares during the period. Wedge Capital Management L L P NC's holdings in Texas Instruments were worth $12,695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional increased its position in Texas Instruments by 5.0% during the second quarter. CX Institutional now owns 4,298 shares of the semiconductor company's stock worth $892,000 after buying an additional 204 shares in the last quarter. BDF Gestion raised its stake in Texas Instruments by 50.0% during the second quarter. BDF Gestion now owns 33,471 shares of the semiconductor company's stock worth $6,949,000 after purchasing an additional 11,157 shares during the period. Global X Japan Co. Ltd. boosted its holdings in Texas Instruments by 11.1% in the second quarter. Global X Japan Co. Ltd. now owns 76,188 shares of the semiconductor company's stock valued at $15,818,000 after acquiring an additional 7,586 shares during the last quarter. Bridge Creek Capital Management LLC increased its position in Texas Instruments by 2.8% during the 2nd quarter. Bridge Creek Capital Management LLC now owns 18,362 shares of the semiconductor company's stock worth $3,812,000 after purchasing an additional 493 shares in the last quarter. Finally, AA Financial Advisors LLC purchased a new position in shares of Texas Instruments in the 2nd quarter valued at $273,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts recently commented on TXN shares. Wolfe Research raised Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price target for the company in a report on Monday, July 28th. DZ Bank reiterated a "sell" rating and issued a $158.00 target price on shares of Texas Instruments in a report on Wednesday, July 23rd. Rosenblatt Securities reiterated a "buy" rating and issued a $245.00 target price on shares of Texas Instruments in a research report on Wednesday, July 23rd. Susquehanna reduced their price objective 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. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and an average price target of $213.82.

Texas Instruments Stock Performance

Texas Instruments stock opened at $179.37 on Friday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a market cap of $163.07 billion, a PE ratio of 32.85, a PEG ratio of 2.93 and a beta of 1.02. 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's 50-day moving average is $194.12 and its two-hundred day moving average is $185.80.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released 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 return on equity of 30.10% and a net margin of 30.23%.The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The firm's 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 anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, October 31st. This is an increase from Texas Instruments's previous quarterly dividend of $1.36. Texas Instruments's dividend payout ratio (DPR) is presently 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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