Pinnacle Financial Partners Inc. Has $1.10 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)
Pinnacle Financial Partners Inc. lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 6.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,605 shares of the semiconductor company’s stock after purchasing an additional 513 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Texas Instruments were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of TXN. Sugarloaf Wealth Management LLC acquired a new position in Texas Instruments during the 4th quarter worth about $27,000. Delta Asset Management LLC TN boosted its holdings in shares of Texas Instruments by 890.9% in the 3rd quarter. Delta Asset Management LLC TN now owns 218 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 196 shares during the last quarter. Lenox Wealth Management Inc. boosted its holdings in shares of Texas Instruments by 766.7% in the 3rd quarter. Lenox Wealth Management Inc. now owns 260 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 230 shares during the last quarter. Financial Advantage Inc. acquired a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $34,000. Finally, Gradient Investments LLC boosted its holdings in shares of Texas Instruments by 616.2% in the 4th quarter. Gradient Investments LLC now owns 265 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 228 shares during the last quarter. Institutional investors and hedge funds own 84.90% of the company’s stock.
In other Texas Instruments news, CFO Rafael R. Lizardi sold 22,658 shares of Texas Instruments stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $130.32, for a total value of $2,952,790.56. Following the transaction, the chief financial officer now owns 89,776 shares in the company, valued at $11,699,608.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard K. Templeton sold 135,000 shares of Texas Instruments stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $127.57, for a total value of $17,221,950.00. Following the completion of the transaction, the chief executive officer now owns 728,738 shares in the company, valued at approximately $92,965,106.66. The disclosure for this sale can be found here. Insiders have sold 661,503 shares of company stock valued at $84,059,352 in the last three months. Insiders own 0.89% of the company’s stock.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, January 22nd. The semiconductor company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.10. Texas Instruments had a return on equity of 56.61% and a net margin of 34.83%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The company’s revenue was down 9.9% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Thursday, January 30th. Texas Instruments’s dividend payout ratio is currently 68.70%.
Several research firms have recently commented on TXN. Deutsche Bank cut their price objective on Texas Instruments from $120.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Bank of America cut their price objective on Texas Instruments from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird raised their price target on Texas Instruments from $105.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Jefferies Financial Group raised their price target on Texas Instruments from $150.00 to $164.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, BidaskClub raised Texas Instruments from a “sell” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $127.41.
Texas Instruments 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.
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