Investors Purchase High Volume of Put Options on Texas Instruments (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) saw some unusual options trading activity on Wednesday. Stock traders purchased 61,382 put options on the company. This represents an increase of 320% compared to the typical daily volume of 14,620 put options.

Texas Instruments Trading Up 0.8 %

Shares of Texas Instruments stock opened at $143.17 on Thursday. The business has a fifty day simple moving average of $158.87 and a two-hundred day simple moving average of $167.89. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a market capitalization of $130.03 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 5.69 and a quick ratio of 4.22.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). Texas Instruments had a net margin of 39.21% and a return on equity of 45.23%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.57 billion. Research analysts forecast that Texas Instruments will post 7.05 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.63%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.24. Texas Instruments’s dividend payout ratio (DPR) is currently 67.53%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TXN. Rosenblatt Securities cut their target price on shares of Texas Instruments from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. UBS Group lowered their price target on Texas Instruments from $190.00 to $185.00 in a research note on Wednesday, July 26th. Mizuho lowered their price target on Texas Instruments from $181.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. StockNews.com began coverage on Texas Instruments in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Wolfe Research began coverage on Texas Instruments in a research note on Wednesday, July 19th. They issued a “peer perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $175.00.

Institutional Investors Weigh In On Texas Instruments

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Annapolis Financial Services LLC increased its position in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the period. Sittner & Nelson LLC increased its position in shares of Texas Instruments by 892.9% in the first quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 125 shares during the period. Riverview Trust Co increased its position in shares of Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 66 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of Texas Instruments in the fourth quarter worth $30,000. Finally, Magellan Asset Management Ltd bought a new position in shares of Texas Instruments in the first quarter worth $32,000. Institutional investors and hedge funds own 83.37% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.