Texas Instruments Incorporated (NASDAQ:TXN) Short Interest Update

Texas Instruments Incorporated (NASDAQ:TXN) was the target of a significant growth in short interest in 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. Based on an average daily trading volume, of 5,360,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 2.5% of the shares of the stock are sold short.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXN. Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft upped their price objective on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Stock Down 2.4 %

Shares of Texas Instruments stock opened at $201.12 on Friday. The firm has a market cap of $183.47 billion, a PE ratio of 37.38, a P/E/G ratio of 4.50 and a beta of 0.99. The business’s 50 day simple moving average is $204.39 and its 200 day simple moving average is $199.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments has a 52-week low of $150.81 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during 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 company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.80 EPS. On average, analysts predict that Texas Instruments will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

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

Insider Activity

In related news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The stock was 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 in the company, 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 filing with the SEC, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $5,341,235 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

Large investors have recently modified their holdings of the business. HBK Sorce Advisory LLC raised its stake in Texas Instruments by 114.3% during the first quarter. HBK Sorce Advisory LLC now owns 2,842 shares of the semiconductor company’s stock worth $495,000 after buying an additional 1,516 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Texas Instruments by 2.7% in the 1st quarter. Brighton Jones LLC now owns 12,972 shares of the semiconductor company’s stock worth $2,260,000 after purchasing an additional 344 shares during the period. Tocqueville Asset Management L.P. grew its stake in shares of Texas Instruments by 6.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 17,580 shares of the semiconductor company’s stock worth $3,063,000 after acquiring an additional 1,000 shares during the period. Banco Santander S.A. increased its stake in shares of Texas Instruments by 6.4% in the first quarter. Banco Santander S.A. now owns 5,827 shares of the semiconductor company’s stock worth $1,015,000 after purchasing an additional 350 shares in the last quarter. Finally, M&G Plc purchased a new stake in shares of Texas Instruments during the first quarter worth $16,331,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.