Synovus Financial Corp Has $9.22 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Synovus Financial Corp reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,183 shares of the semiconductor company's stock after selling 2,137 shares during the period. Synovus Financial Corp's holdings in Texas Instruments were worth $9,223,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TXN. Promus Capital LLC acquired a new position in Texas Instruments in the fourth quarter worth $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments in the fourth quarter valued at approximately $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

TXN stock traded up $1.79 during trading hours on Friday, hitting $148.34. 5,690,642 shares of the stock were exchanged, compared to its average volume of 6,138,575. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The firm has a market capitalization of $134.97 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a 50-day simple moving average of $177.70 and a two-hundred day simple moving average of $189.85. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the prior year, the business posted $1.49 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments's dividend payout ratio is currently 104.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TXN shares. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Citigroup lowered their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus reduced their target price on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday. Barclays cut their price target on 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, Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $206.86.

Insiders Place Their Bets

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred 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 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 sold 297,655 shares of company stock worth $59,841,304 over the last three months. Insiders own 0.57% of the company's stock.

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.