Texas Instruments Inc. (NASDAQ:TXN) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 20,904,265 shares, a decrease of 4.0% from the August 31st total of 21,771,856 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average trading volume of 5,025,843 shares, the short-interest ratio is currently 4.2 days.
TXN has been the topic of a number of research reports. Royal Bank Of Canada dropped their target price on shares of Texas Instruments from $68.00 to $66.00 and set an “outperform” rating on the stock in a report on Friday, July 1st. RBC Capital Markets reissued an “outperform” rating and set a $80.00 target price on shares of Texas Instruments in a report on Tuesday, August 30th. Sanford C. Bernstein raised shares of Texas Instruments from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $70.00 to $80.00 in a report on Monday, September 12th. Bank of America Corp. raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, July 26th. Finally, Zacks Investment Research cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $68.44.
Texas Instruments (NASDAQ:TXN) opened at 70.96 on Friday. The firm has a market cap of $71.19 billion, a P/E ratio of 23.91 and a beta of 1.32. The firm’s 50-day moving average price is $69.43 and its 200 day moving average price is $63.61. Texas Instruments has a one year low of $46.73 and a one year high of $72.58.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Monday, July 25th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The company earned $3.27 billion during the quarter, compared to analyst estimates of $3.20 billion. Texas Instruments had a return on equity of 30.14% and a net margin of 23.89%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. On average, equities research analysts forecast that Texas Instruments will post $3.06 EPS for the current year.
In related news, insider Stephen A. Anderson sold 103,125 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $70.08, for a total value of $7,227,000.00. Following the sale, the insider now directly owns 292,446 shares of the company’s stock, valued at $20,494,615.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cynthia Hoff Trochu sold 20,506 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $70.65, for a total transaction of $1,448,748.90. Following the completion of the sale, the senior vice president now directly owns 61,150 shares in the company, valued at $4,320,247.50. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of TXN. Vanguard Group Inc. boosted its stake in Texas Instruments by 3.2% in the second quarter. Vanguard Group Inc. now owns 72,913,570 shares of the company’s stock worth $4,568,036,000 after buying an additional 2,282,169 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Texas Instruments by 2.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,773,662 shares of the company’s stock worth $1,865,321,000 after buying an additional 681,785 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Texas Instruments by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 27,968,722 shares of the company’s stock worth $1,605,964,000 after buying an additional 453,914 shares during the last quarter. Capital International Investors boosted its stake in Texas Instruments by 1.8% in the second quarter. Capital International Investors now owns 26,293,224 shares of the company’s stock worth $1,647,270,000 after buying an additional 469,890 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Texas Instruments by 6.6% in the first quarter. Franklin Resources Inc. now owns 20,418,746 shares of the company’s stock worth $1,172,444,000 after buying an additional 1,259,788 shares during the last quarter. Institutional investors and hedge funds own 86.89% of the company’s stock.
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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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