Synovus Financial Corp Sells 2,137 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Synovus Financial Corp lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 49,183 shares of the semiconductor company’s stock after selling 2,137 shares during the quarter. Synovus Financial Corp’s holdings in Texas Instruments were worth $9,223,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC bought a new position in Texas Instruments in the third quarter worth about $202,000. Invst LLC bought a new position in shares of Texas Instruments during the 3rd quarter worth approximately $209,000. Anchor Investment Management LLC lifted its position in Texas Instruments by 25.7% during the third quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company’s stock valued at $2,403,000 after acquiring an additional 2,378 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in Texas Instruments by 1.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company’s stock valued at $3,842,000 after acquiring an additional 197 shares during the last quarter. Finally, World Investment Advisors LLC boosted its stake in Texas Instruments by 156.4% in the third quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company’s stock valued at $1,444,000 after acquiring an additional 4,266 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the subject of several analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Mizuho decreased their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Monday, April 7th. Barclays cut their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company lowered their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $207.95.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Down 5.7 %

Texas Instruments stock opened at $147.60 on Friday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The firm has a market cap of $134.30 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The business’s 50-day moving average price is $180.26 and its 200 day moving average price is $191.36. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the business posted $1.49 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.69%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.