Texas Instruments Incorporated (NASDAQ:TXN) was the target of a large decline in short interest in July. As of July 14th, there was short interest totalling 10,440,243 shares, a decline of 20.7% from the June 30th total of 13,161,301 shares. Based on an average daily volume of 4,205,639 shares, the short-interest ratio is presently 2.5 days. Approximately 1.1% of the company’s shares are short sold.
Shares of Texas Instruments (NASDAQ:TXN) opened at 80.89 on Friday. The company’s 50-day moving average price is $80.24 and its 200 day moving average price is $79.66. Texas Instruments has a 52 week low of $66.30 and a 52 week high of $84.65. The company has a market cap of $80.08 billion, a P/E ratio of 20.23 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. On average, equities analysts forecast that Texas Instruments will post $4.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 27th. This represents a $2.00 annualized dividend and a yield of 2.47%. Texas Instruments’s dividend payout ratio (DPR) is 50.51%.
TXN has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $90.00 price target on shares of Texas Instruments in a report on Tuesday, April 25th. Jefferies Group LLC boosted their price objective on Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Robert W. Baird boosted their price objective on Texas Instruments from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, April 26th. Vetr lowered Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price objective for the company. in a research report on Tuesday, April 18th. Finally, Zacks Investment Research lowered Texas Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Texas Instruments presently has an average rating of “Buy” and an average price target of $85.96.
In related news, Director Robert E. Sanchez sold 26,905 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total transaction of $2,192,219.40. Following the transaction, the director now directly owns 27,565 shares of the company’s stock, valued at approximately $2,245,996.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the transaction, the director now directly owns 38,435 shares in the company, valued at $3,161,278.75. The disclosure for this sale can be found here. Insiders sold a total of 90,905 shares of company stock worth $7,398,219 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Texas Instruments by 2.1% in the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after buying an additional 1,683,613 shares during the period. BlackRock Inc. raised its stake in shares of Texas Instruments by 1.1% in the second quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock valued at $5,031,257,000 after buying an additional 681,821 shares during the last quarter. State Street Corp raised its stake in shares of Texas Instruments by 1.4% in the first quarter. State Street Corp now owns 40,943,910 shares of the semiconductor company’s stock valued at $3,298,445,000 after buying an additional 573,645 shares during the last quarter. Northern Trust Corp raised its stake in shares of Texas Instruments by 0.4% in the second quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock valued at $1,042,864,000 after buying an additional 53,846 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Texas Instruments by 2.1% in the second quarter. FMR LLC now owns 12,422,815 shares of the semiconductor company’s stock valued at $955,687,000 after buying an additional 250,488 shares during the last quarter. Hedge funds and other institutional investors own 84.64% of the company’s stock.
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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.
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