Texas Instruments Incorporated (NASDAQ:TXN) Sees Significant Increase in Short Interest

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 22,460,000 shares, an increase of 18.9% from the October 15th total of 18,890,000 shares. Based on an average daily volume of 5,360,000 shares, the short-interest ratio is presently 4.2 days. Approximately 2.5% of the company's stock are short sold.

Texas Instruments Trading Down 2.4 %

Shares of Texas Instruments stock traded down $4.88 on Friday, reaching $201.12. 5,969,072 shares of the company were exchanged, compared to its average volume of 5,504,648. Texas Instruments has a fifty-two week low of $150.81 and a fifty-two week high of $220.38. The firm has a market capitalization of $183.47 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average price of $204.32 and a 200-day moving average price of $199.31.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.80 EPS. On average, analysts expect that Texas Instruments will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. Texas Instruments's dividend payout ratio (DPR) is currently 101.12%.

Analysts Set New Price Targets

A number of analysts recently weighed in on TXN shares. Citigroup raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. KeyCorp increased their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. Jefferies Financial Group boosted their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group increased their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a "sell" rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $206.95.

Insider Transactions at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. This represents a 39.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,548 shares of company stock valued at $5,341,235. Corporate insiders own 0.68% of the company's stock.

Institutional Trading of Texas Instruments

Large investors have recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC increased its stake in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments during the third quarter worth $39,000. FSA Wealth Management LLC acquired a new stake in Texas Instruments during the third quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Texas Instruments in the third quarter valued at about $43,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Company 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.

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