Palmer Knight Co Has $5.82 Million Position in Texas Instruments Incorporated $TXN

Palmer Knight Co lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% during the second quarter, HoldingsChannel reports. The firm owned 28,027 shares of the semiconductor company’s stock after acquiring an additional 104 shares during the quarter. Texas Instruments comprises 2.5% of Palmer Knight Co’s holdings, making the stock its 27th largest holding. Palmer Knight Co’s holdings in Texas Instruments were worth $5,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TXN. Nuveen LLC bought a new position in shares of Texas Instruments during the first quarter worth about $711,387,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Texas Instruments by 20.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock worth $2,371,657,000 after buying an additional 2,257,086 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock worth $397,940,000 after buying an additional 2,140,605 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Texas Instruments by 117.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,500,474 shares of the semiconductor company’s stock worth $726,768,000 after buying an additional 1,888,354 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Texas Instruments by 14.6% during the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after buying an additional 1,731,411 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other news, VP Ahmad Bahai sold 1,500 shares of the firm’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Texas Instruments in a report on Wednesday, October 8th. Robert W. Baird increased their price objective on Texas Instruments from $175.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Citigroup decreased their price target on Texas Instruments from $260.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday. Cantor Fitzgerald restated a “neutral” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, UBS Group set a $255.00 price target on Texas Instruments in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $211.64.

Texas Instruments Stock Performance

TXN opened at $176.58 on Friday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The stock has a market cap of $160.54 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.99 and a beta of 1.01. The business has a 50 day moving average of $187.25 and a 200-day moving average of $185.61. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (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 company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period last year, the firm posted $1.17 earnings per share. The business’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. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.2%. Texas Instruments’s payout ratio is 104.03%.

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.