Texas Instruments Sees Unusually High Options Volume (TXN)

Texas Instruments Incorporated (NASDAQ:TXN) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 817 put options on the stock. This is an increase of 265% compared to the average volume of 224 put options.

Several research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $75.00 target price on shares of Texas Instruments in a report on Wednesday, January 25th. BMO Capital Markets reiterated a “buy” rating and set a $92.00 price target on shares of Texas Instruments in a research report on Monday, April 17th. Jefferies Group LLC increased their price target on shares of Texas Instruments from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Vetr lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target on the stock. in a research report on Monday, March 13th. Finally, Nomura reiterated a “hold” rating and set a $75.00 price target on shares of Texas Instruments in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $82.10.

In other news, Director Pamela H. Patsley sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $80.55, for a total transaction of $563,850.00. Following the transaction, the director now directly owns 35,296 shares of the company’s stock, valued at $2,843,092.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Niels Anderskouv sold 32,420 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $80.61, for a total transaction of $2,613,376.20. Following the transaction, the insider now directly owns 102,028 shares in the company, valued at $8,224,477.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 323,780 shares of company stock worth $26,093,457. Insiders own 1.02% of the company’s stock.

A number of large investors have recently made changes to their positions in TXN. Hudock Capital Group LLC boosted its stake in shares of Texas Instruments by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,977 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 7 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of Texas Instruments by 0.4% in the first quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 8 shares in the last quarter. Reynders McVeigh Capital Management LLC boosted its stake in shares of Texas Instruments by 0.8% in the first quarter. Reynders McVeigh Capital Management LLC now owns 3,255 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 25 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Texas Instruments by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 26 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its stake in shares of Texas Instruments by 0.4% in the fourth quarter. Hilltop Holdings Inc. now owns 7,307 shares of the semiconductor company’s stock valued at $533,000 after buying an additional 29 shares in the last quarter. Institutional investors own 86.21% of the company’s stock.

Shares of Texas Instruments (NASDAQ:TXN) traded up 1.35% during trading on Friday, reaching $80.30. 7,506,592 shares of the company were exchanged. Texas Instruments has a one year low of $58.60 and a one year high of $82.92. The stock has a market capitalization of $80.00 billion, a PE ratio of 21.37 and a beta of 1.24. The stock has a 50-day moving average price of $80.02 and a 200-day moving average price of $76.44.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.06. Texas Instruments had a net margin of 25.89% and a return on equity of 32.78%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. Texas Instruments’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts forecast that Texas Instruments will post $3.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Thursday, April 27th. Texas Instruments’s dividend payout ratio is presently 59.35%.

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Texas Instruments Company Profile

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.

12 Month Chart for NASDAQ:TXN

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