Chemical Bank boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 22.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 23,338 shares of the semiconductor company’s stock after buying an additional 4,250 shares during the quarter. Chemical Bank’s holdings in Texas Instruments were worth $2,573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. grew its position in Texas Instruments by 26.5% during the 1st quarter. Franklin Resources Inc. now owns 11,709,967 shares of the semiconductor company’s stock worth $1,216,549,000 after purchasing an additional 2,450,531 shares in the last quarter. Wells Fargo & Company MN grew its position in Texas Instruments by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 7,664,747 shares of the semiconductor company’s stock worth $845,038,000 after purchasing an additional 45,800 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Texas Instruments by 2.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,127,814 shares of the semiconductor company’s stock worth $675,592,000 after purchasing an additional 123,780 shares in the last quarter. Swiss National Bank grew its position in Texas Instruments by 2.9% during the 2nd quarter. Swiss National Bank now owns 3,252,894 shares of the semiconductor company’s stock worth $358,632,000 after purchasing an additional 90,700 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Texas Instruments by 6.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,111,753 shares of the semiconductor company’s stock valued at $343,071,000 after acquiring an additional 176,798 shares in the last quarter. Hedge funds and other institutional investors own 84.73% of the company’s stock.

TXN stock opened at $109.03 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.54 and a quick ratio of 5.12. Texas Instruments Incorporated has a 1 year low of $79.60 and a 1 year high of $120.75. The firm has a market capitalization of $107.03 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.03. Texas Instruments had a net margin of 28.08% and a return on equity of 46.80%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Texas Instruments’s quarterly revenue was up 8.8% compared to the same quarter last year. equities analysts forecast that Texas Instruments Incorporated will post 5.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Investors of record on Tuesday, July 31st were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, July 30th. Texas Instruments’s payout ratio is presently 57.94%.

In related news, insider Stephen A. Anderson sold 25,318 shares of Texas Instruments stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $111.55, for a total value of $2,824,222.90. Following the completion of the sale, the insider now owns 131,153 shares of the company’s stock, valued at approximately $14,630,117.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by insiders.

Several research firms have recently commented on TXN. Sanford C. Bernstein set a $130.00 price target on shares of Texas Instruments and gave the company a “buy” rating in a report on Wednesday, July 25th. Atlantic Securities began coverage on shares of Texas Instruments in a report on Tuesday, July 10th. They set an “overweight” rating and a $130.00 price target on the stock. Zacks Investment Research cut shares of Texas Instruments from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 30th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. Finally, ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company. Texas Instruments currently has an average rating of “Hold” and an average target price of $121.64.

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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

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