Synovus Financial Corp increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,632 shares of the semiconductor company’s stock after buying an additional 2,780 shares during the period. Synovus Financial Corp’s holdings in Texas Instruments were worth $4,757,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Taylor Hoffman Wealth Management bought a new stake in Texas Instruments in the 4th quarter valued at $105,000. Westside Investment Management Inc. boosted its holdings in Texas Instruments by 6.9% in the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 100 shares during the period. Zions Bancorporation boosted its holdings in Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares during the period. Willingdon Wealth Management bought a new stake in Texas Instruments in the 3rd quarter valued at $141,000. Finally, Advantage Investment Management LLC raised its stake in shares of Texas Instruments by 156.9% in the 3rd quarter. Advantage Investment Management LLC now owns 1,757 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 1,073 shares in the last quarter. 83.89% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein set a $125.00 price objective on shares of Texas Instruments and gave the company a “buy” rating in a research note on Wednesday, January 24th. B. Riley restated a “neutral” rating and issued a $110.00 price objective (up previously from $97.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. KeyCorp restated a “hold” rating on shares of Texas Instruments in a research note on Friday, November 24th. SunTrust Banks restated a “hold” rating and issued a $96.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $98.00 price objective (up previously from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Fifteen research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $109.65.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 9.8% on a year-over-year basis. equities analysts forecast that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is currently 68.89%.
In other news, SVP Cynthia Hoff Trochu sold 3,574 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $110.65, for a total value of $395,463.10. Following the transaction, the senior vice president now owns 68,918 shares of the company’s stock, valued at approximately $7,625,776.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 9,724 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $112.47, for a total transaction of $1,093,658.28. Following the completion of the transaction, the director now directly owns 10,178 shares in the company, valued at approximately $1,144,719.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 757,632 shares of company stock worth $83,306,399. Insiders own 0.96% of the company’s stock.
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About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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