Rafferty Asset Management Reduces Texas Instruments Stake

Investment firm cuts holdings in semiconductor company by over 25%

Mar. 3, 2026 at 7:23am

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Rafferty Asset Management LLC, a major investment firm, has reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 25.6% during the 3rd quarter. The firm now owns 2.6 million shares of the semiconductor company, worth approximately $480 million, making it the 14th largest holding in Rafferty's investment portfolio.

Why it matters

Texas Instruments is a leading semiconductor manufacturer, and changes in major institutional investors' holdings can signal shifts in market sentiment around the company and the broader semiconductor industry. Rafferty's decision to significantly reduce its position in TXN may reflect broader concerns or a reallocation of assets within the firm's portfolio.

The details

According to the filing, Rafferty Asset Management sold 899,855 shares of Texas Instruments during the 3rd quarter, reducing its total holdings to 2,613,033 shares. This stake is valued at approximately $480 million, or about 1.6% of Rafferty's total investment portfolio. The firm cited unspecified reasons for the reduction in its TXN position.

  • Rafferty Asset Management reduced its Texas Instruments holdings during the 3rd quarter of the year.

The players

Rafferty Asset Management LLC

A major investment management firm that has reduced its stake in Texas Instruments by over 25%.

Texas Instruments Incorporated

A global semiconductor company headquartered in Dallas, Texas that designs and manufactures analog and embedded processing chips used across a wide range of industries.

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The takeaway

Rafferty Asset Management's decision to significantly reduce its position in Texas Instruments may signal broader concerns about the semiconductor industry or a strategic shift in the firm's investment portfolio. However, Texas Instruments remains a major player in the sector, and changes in institutional holdings do not necessarily indicate broader issues with the company's fundamentals or outlook.