Short Interest in Texas Instruments Incorporated (TXN) Declines By 8.8%

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

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

Shares of Texas Instruments (NASDAQ:TXN) opened at 80.30 on Friday. The company has a market cap of $80.00 billion, a P/E ratio of 21.37 and a beta of 1.24. The firm has a 50-day moving average of $80.02 and a 200 day moving average of $76.44. Texas Instruments has a 52 week low of $58.60 and a 52 week high of $82.92.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. Texas Instruments had a net margin of 25.89% and a return on equity of 32.78%. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. Texas Instruments’s revenue was up 13.1% compared to the same quarter last year. Equities analysts expect that Texas Instruments will post $3.93 EPS for the current fiscal year.

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

In other news, Director Pamela H. Patsley sold 7,000 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $80.55, for a total value of $563,850.00. Following the completion of the sale, the director now directly owns 35,296 shares in the company, valued at approximately $2,843,092.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin P. March sold 150,000 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $80.74, for a total value of $12,111,000.00. Following the completion of the sale, the insider now owns 448,663 shares of the company’s stock, valued at $36,225,050.62. The disclosure for this sale can be found here. Insiders sold a total of 323,780 shares of company stock worth $26,093,457 over the last ninety days. 1.02% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. acquired a new position in shares of Texas Instruments during the first quarter worth $101,000. ClariVest Asset Management LLC boosted its position in shares of Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares during the period. Balentine LLC boosted its position in shares of Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares during the period. TCI Wealth Advisors Inc. boosted its position in shares of Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after buying an additional 333 shares during the period. Finally, Perigon Wealth Management LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth $111,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.

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About Texas Instruments

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.

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