Varma Lowers Stake in Texas Instruments (TXN) Amid Missed Earnings

Varma Mutual Pension Insurance Co significantly reduced its stake in Texas Instruments (TXN) by 22.8% during the third quarter. The firm divested 30,000 shares, bringing its total ownership to 101,741 shares valued at $18.693 million. This move follows Texas Instruments' failure to meet Q4 earnings and revenue estimates, alongside its provided guidance for Q1 2026. Analysts currently maintain a "Hold" consensus rating for TXN, with a target price set at $212.92. The institutional investor's decision signals a cautious outlook, potentially reflecting concerns over the semiconductor giant's recent financial performance and future prospects.