Deformation behavior and texture development of NiMnGa ferromagnetic shape memory alloy (FSMA) particles embedded polymer composites were investigated by compression tests and X-ray diffraction pole-figure analysis (XRD-PF). Both the NiMnGa/silicone and NiMnGa/epoxy composites exhibited a characteristic three-stage deformation which is often seen in shape memory alloys due to martensite variant reorientation. XRD-PF revealed that (004) texture was developed in the compressed NiMnGa/silicone due to the retention of martensite variant reorientation. On the other hand, significant texture change was not recognized in the compressed NiMnGa/epoxy. Rearranged martensite variants was kept after unloading in silicone matrix having low Young's modulus, but reverse reorientation occurred in epoxy matrix with high Young's modulus. The rearrangement behavior of martensite variants is strongly affected by elastic properties of matrix.