Texas Instruments Incorporated (TXN) Short Interest Update

Texas Instruments Incorporated (NASDAQ:TXN) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 13,450,192 shares, a decline of 8.8% from the March 15th total of 14,740,111 shares. Based on an average daily trading volume, of 4,380,092 shares, the days-to-cover ratio is currently 3.1 days.

A number of equities research analysts have recently issued reports on the stock. Macquarie assumed coverage on shares of Texas Instruments in a report on Thursday, March 30th. They set a “neutral” rating and a $82.00 price target on the stock. Bank of America Corp restated a “buy” rating and set a $92.00 price target on shares of Texas Instruments in a report on Tuesday, March 14th. Royal Bank of Canada restated a “buy” rating and set a $84.00 price target on shares of Texas Instruments in a report on Monday, April 3rd. 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 report on Monday, March 13th. Finally, Rosenblatt Securities restated a “buy” rating and set a $90.00 price target on shares of Texas Instruments in a report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $79.49.

In related news, COO Brian T. Crutcher sold 42,550 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $76.27, for a total value of $3,245,288.50. Following the sale, the chief operating officer now directly owns 201,284 shares in the company, valued at approximately $15,351,930.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen A. Anderson sold 34,375 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $78.96, for a total transaction of $2,714,250.00. Following the completion of the sale, the insider now owns 209,508 shares in the company, valued at $16,542,751.68. The disclosure for this sale can be found here. Insiders have sold a total of 959,393 shares of company stock worth $74,927,396 over the last 90 days. 1.02% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in TXN. Enterprise Financial Services Corp boosted its stake in shares of Texas Instruments by 6.4% in the third quarter. Enterprise Financial Services Corp now owns 1,571 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 94 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $111,000. Baker Ellis Asset Management LLC bought a new stake in shares of Texas Instruments during the third quarter valued at approximately $112,000. Bartlett & Co. LLC boosted its stake in shares of Texas Instruments by 9.3% in the third quarter. Bartlett & Co. LLC now owns 1,641 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 140 shares during the last quarter. Finally, Norway Savings Bank boosted its stake in shares of Texas Instruments by 16.0% in the first quarter. Norway Savings Bank now owns 1,508 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 208 shares during the last quarter. Institutional investors own 86.21% of the company’s stock.

Shares of Texas Instruments (NASDAQ:TXN) traded up 1.75% during midday trading on Thursday, reaching $80.76. 3,586,252 shares of the company’s stock were exchanged. The company’s 50 day moving average is $80.00 and its 200-day moving average is $74.84. The stock has a market cap of $80.73 billion, a PE ratio of 23.22 and a beta of 1.24. Texas Instruments has a 12 month low of $56.19 and a 12 month high of $82.44.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, January 24th. The semiconductor company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.20. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Texas Instruments had a return on equity of 32.78% and a net margin of 25.89%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. Equities analysts forecast that Texas Instruments will post $3.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 27th. Texas Instruments’s dividend payout ratio (DPR) is currently 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.

5 Day Chart for NASDAQ:TXN

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