Synergy Asset Management LLC Purchases New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Synergy Asset Management LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,074 shares of the semiconductor company’s stock, valued at approximately $398,000.

Other large investors also recently made changes to their positions in the company. Cahill Financial Advisors Inc. grew its position in Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after acquiring an additional 49 shares in the last quarter. KCM Investment Advisors LLC increased its stake in Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after buying an additional 50 shares during the period. Lansing Street Advisors lifted its holdings in Texas Instruments by 4.7% in the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after buying an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after buying an additional 52 shares during the last quarter. Finally, ABLE Financial Group LLC grew its stake in shares of Texas Instruments by 2.9% during the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $185.27 on Friday. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market capitalization of $169.01 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. The business has a 50 day simple moving average of $192.21 and a 200 day simple moving average of $199.05.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $1.49 earnings per share. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.42 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TXN. Robert W. Baird lowered their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Susquehanna dropped their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Barclays reduced 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 research note on Friday, January 24th. Evercore ISI increased their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $209.20.

About Texas Instruments

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.