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

Texas Instruments Incorporated (NASDAQ:TXN) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 22,460,000 shares, a growth of 18.9% from the October 15th total of 18,890,000 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average trading volume of 5,360,000 shares, the days-to-cover ratio is presently 4.2 days.

Insiders Place Their Bets

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. This represents a 11.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $5,341,235 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments in the 3rd quarter valued at about $28,000. Tsfg LLC grew its stake in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new position in Texas Instruments in the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Texas Instruments during the 3rd quarter worth $43,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $4.88 during midday trading on Friday, hitting $201.12. 5,969,072 shares of the company were exchanged, compared to its average volume of 5,504,648. The firm has a 50 day simple moving average of $204.32 and a 200-day simple moving average of $199.31. Texas Instruments has a 52 week low of $150.81 and a 52 week high of $220.38. The firm has a market cap of $183.47 billion, a P/E ratio of 37.55, a PEG ratio of 4.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm’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. Research analysts forecast that Texas Instruments will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays cut their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley raised their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Truist Financial dropped their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average price target of $206.95.

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.