Fortem Financial Group LLC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,397 shares of the semiconductor company’s stock after purchasing an additional 103 shares during the quarter. Fortem Financial Group LLC’s holdings in Texas Instruments were worth $342,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Texas Instruments by 0.5% during the 2nd quarter. BlackRock Inc. now owns 70,181,716 shares of the semiconductor company’s stock worth $8,910,972,000 after buying an additional 361,553 shares in the last quarter. State Street Corp lifted its holdings in shares of Texas Instruments by 1.9% in the 1st quarter. State Street Corp now owns 40,874,487 shares of the semiconductor company’s stock worth $4,084,587,000 after purchasing an additional 770,202 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Texas Instruments by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,957,906 shares of the semiconductor company’s stock worth $1,899,206,000 after purchasing an additional 541,269 shares in the last quarter. Capital World Investors lifted its holdings in shares of Texas Instruments by 1.3% in the 1st quarter. Capital World Investors now owns 13,471,879 shares of the semiconductor company’s stock worth $1,346,249,000 after purchasing an additional 173,991 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Texas Instruments by 4.7% in the 2nd quarter. Swiss National Bank now owns 3,797,954 shares of the semiconductor company’s stock worth $482,226,000 after purchasing an additional 170,000 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

In related news, Director Jean M. Hobby sold 1,500 shares of Texas Instruments stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.55, for a total value of $195,825.00. Following the completion of the sale, the director now owns 4,391 shares of the company’s stock, valued at approximately $573,245.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carrie Smith Cox sold 26,905 shares of Texas Instruments stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $130.00, for a total value of $3,497,650.00. Following the completion of the sale, the director now directly owns 46,221 shares of the company’s stock, valued at approximately $6,008,730. The disclosure for this sale can be found here. In the last three months, insiders sold 236,495 shares of company stock valued at $31,419,345. 0.73% of the stock is currently owned by insiders.

A number of equities analysts recently issued reports on TXN shares. Oppenheimer increased their target price on Texas Instruments from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday. Rosenblatt Securities increased their target price on Texas Instruments from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Barclays increased their target price on Texas Instruments from $105.00 to $120.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Mizuho increased their target price on Texas Instruments from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Credit Suisse Group increased their target price on Texas Instruments from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. Texas Instruments has a consensus rating of “Hold” and an average price target of $139.38.

Shares of Texas Instruments stock opened at $153.12 on Friday. Texas Instruments Incorporated has a 1 year low of $93.09 and a 1 year high of $155.88. The firm has a market cap of $140.25 billion, a PE ratio of 28.73, a P/E/G ratio of 2.89 and a beta of 1.14. The stock has a fifty day moving average price of $142.37 and a 200-day moving average price of $127.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.92 and a quick ratio of 2.94.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.60. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the firm posted $1.36 EPS. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be issued a $1.02 dividend. The ex-dividend date is Thursday, October 29th. This represents a $4.08 annualized dividend and a yield of 2.66%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s dividend payout ratio (DPR) is 68.70%.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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