Sun Sep 15 17:15:15 UTC 2024: ## Texas Instruments Stock Sees Mixed Activity from Hedge Funds and Analysts

**Dallas, TX – September 15, 2024** – Texas Instruments Incorporated (TXN) experienced mixed signals from hedge funds and analysts in the second quarter, according to recent SEC filings and research reports.

**Hedge Fund Activity:**

HBK Sorce Advisory LLC reduced its stake in TXN by 32.9%, selling 936 shares, leaving them with 1,906 shares valued at $371,000. However, other funds increased their holdings:

* Pinkerton Retirement Specialists LLC boosted its stake by 6.1% to 22,908 shares worth $4,456,000.
* GHP Investment Advisors Inc. grew its holdings by 5.5% to 46,837 shares worth $9,111,000.
* Meeder Advisory Services Inc. lifted its position by 24.1% to 12,409 shares valued at $2,414,000.
* DekaBank Deutsche Girozentrale increased its stake by 15.5% to 1,287,250 shares valued at $250,053,000.

Overall, hedge funds and institutional investors hold 84.99% of TXN stock.

**Analyst Opinions:**

Analysts have mixed opinions on TXN’s future performance.

* Deutsche Bank raised its target price to $185.00 but maintained a “hold” rating.
* Truist Financial lowered its price objective to $198.00 and also kept a “hold” rating.
* Susquehanna raised its target price to $250.00 and assigned a “positive” rating.
* Evercore ISI increased its price target to $268.00 and gave the company an “outperform” rating.
* Jefferies Financial Group raised its price objective to $185.00 and kept a “hold” rating.

Overall, the consensus rating for TXN is “Hold” with a target price of $204.67.

**Company Performance:**

TXN reported earnings per share of $1.22 for the second quarter, surpassing the consensus estimate of $1.16. Revenue for the quarter was $3.82 billion, in line with expectations. However, revenue was down 15.6% year-over-year.

The company also declared a quarterly dividend of $1.30 per share, representing a yield of 2.60%.

**Insider Trading:**

TXN’s CEO Haviv Ilan sold 1,200 shares, and VP Mohammad Yunus sold 3,778 shares, both transactions occurring on August 26th.

**Looking Ahead:**

Despite mixed signals, TXN remains a key player in the semiconductor industry. Investors will be watching closely to see how the company navigates the evolving market landscape.

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