Texas Instruments Sees Unusually High Options Volume (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) was the recipient of unusually large options trading on Monday. Stock investors purchased 32,643 call options on the stock. This is an increase of 108% compared to the average volume of 15,724 call options.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TXN. Stifel Nicolaus increased their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Mizuho boosted their target price on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. TD Cowen increased their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Robert W. Baird boosted their price objective on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, Evercore ISI increased their target price on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $180.74.

Insider Transactions at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total transaction of $18,286,320.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at $71,009,121.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently modified their holdings of TXN. Norges Bank acquired a new position in Texas Instruments during the 4th quarter valued at approximately $1,649,592,000. Van ECK Associates Corp lifted its holdings in shares of Texas Instruments by 54.3% in the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after buying an additional 1,972,304 shares during the period. Morgan Stanley boosted its stake in shares of Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares during the last quarter. California Public Employees Retirement System grew its holdings in Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.6 %

Shares of Texas Instruments stock opened at $182.67 on Wednesday. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.12. The firm’s 50 day moving average price is $171.38 and its 200-day moving average price is $163.58. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company has a market cap of $166.32 billion, a P/E ratio of 28.50, a PEG ratio of 3.81 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 earnings per share. On average, sell-side analysts predict that Texas Instruments will post 5.21 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.85%. Texas Instruments’s payout ratio is 81.12%.

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.