Texas Instruments Target of Unusually Large Options Trading (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 32,643 call options on the stock. This represents an increase of approximately 108% compared to the typical daily volume of 15,724 call options.

Texas Instruments Trading Up 1.5 %

Shares of TXN opened at $181.67 on Tuesday. The firm has a market capitalization of $165.41 billion, a P/E ratio of 28.34, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $171.03 and its 200 day simple moving average is $163.33.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. On average, equities research analysts forecast that Texas Instruments will post 5.21 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.86%. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TXN shares. Susquehanna lifted their price objective on shares of Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Barclays cut their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Evercore ISI upped their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $180.74.

Insider Transactions at Texas Instruments

In other news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,969 shares of company stock worth $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after acquiring an additional 458,853 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after buying an additional 1,154,513 shares during the last quarter. Morgan Stanley boosted its position in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares during the period. Franklin Resources Inc. increased its position in Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after acquiring an additional 1,095,303 shares during the period. Finally, Northern Trust Corp raised its stake in Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after acquiring an additional 315,302 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. 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.