Short Interest in Texas Instruments Incorporated (TXN) Declines By 14.1%

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Texas Instruments Incorporated (NASDAQ:TXN) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 15,965,342 shares, a decrease of 14.1% from the April 15th total of 18,579,122 shares. Based on an average daily volume of 5,709,069 shares, the short-interest ratio is presently 2.8 days. Currently, 1.7% of the shares of the stock are short sold.

In related news, Chairman Richard K. Templeton sold 475,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the completion of the transaction, the chairman now owns 930,287 shares in the company, valued at $109,197,088.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carrie Smith Cox sold 17,002 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.08, for a total transaction of $1,973,592.16. Following the transaction, the director now owns 40,299 shares of the company’s stock, valued at approximately $4,677,907.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 879,332 shares of company stock valued at $103,024,864. Corporate insiders own 0.89% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in TXN. Green Square Capital LLC purchased a new position in Texas Instruments in the 4th quarter worth about $1,354,000. Bahl & Gaynor Inc. increased its stake in Texas Instruments by 47.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock worth $264,036,000 after buying an additional 904,477 shares during the period. Wedbush Securities Inc. increased its stake in Texas Instruments by 1.2% in the 4th quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock worth $839,000 after buying an additional 105 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Texas Instruments in the 1st quarter worth about $5,100,000. Finally, Bessemer Group Inc. increased its stake in Texas Instruments by 25.3% in the 4th quarter. Bessemer Group Inc. now owns 2,782,405 shares of the semiconductor company’s stock worth $262,938,000 after buying an additional 561,160 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Loop Capital upped their target price on shares of Texas Instruments to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Deutsche Bank upped their target price on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Robert W. Baird upped their target price on shares of Texas Instruments from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, UBS Group restated a “sell” rating and set a $90.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $111.18.

TXN stock opened at $105.83 on Friday. Texas Instruments has a 52 week low of $87.70 and a 52 week high of $119.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. The firm has a market cap of $100.39 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the business earned $1.35 earnings per share. Texas Instruments’s quarterly revenue was down 5.1% compared to the same quarter last year. Research analysts anticipate that Texas Instruments will post 5.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 annualized dividend and a yield of 2.91%. Texas Instruments’s dividend payout ratio (DPR) is currently 56.83%.

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Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

See Also: Capital Gains

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