Texas Instruments (TXN) Short Interest Update

Texas Instruments (NASDAQ:TXN) was the recipient of a large decline in short interest in March. As of March 29th, there was short interest totalling 12,967,971 shares, a decline of 14.2% from the March 15th total of 15,112,430 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 5,792,487 shares, the short-interest ratio is currently 2.2 days.

In other news, Director Mark A. Blinn sold 9,724 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $112.47, for a total value of $1,093,658.28. Following the transaction, the director now owns 10,178 shares in the company, valued at approximately $1,144,719.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cynthia Hoff Trochu sold 3,574 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $110.65, for a total value of $395,463.10. Following the completion of the transaction, the senior vice president now owns 68,918 shares in the company, valued at approximately $7,625,776.70. The disclosure for this sale can be found here. Insiders have sold a total of 757,632 shares of company stock valued at $83,306,399 over the last three months. Corporate insiders own 0.84% of the company’s stock.

Several large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Texas Instruments by 2.5% during the fourth quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock worth $7,187,053,000 after acquiring an additional 1,682,070 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Texas Instruments by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 11,948,264 shares of the semiconductor company’s stock worth $1,245,591,000 after acquiring an additional 388,827 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Texas Instruments by 31.0% during the fourth quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock worth $909,512,000 after acquiring an additional 2,061,255 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Texas Instruments by 2.0% during the fourth quarter. Clearbridge Investments LLC now owns 8,386,333 shares of the semiconductor company’s stock worth $875,869,000 after acquiring an additional 164,069 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Texas Instruments by 1,093.2% during the fourth quarter. American International Group Inc. now owns 5,611,506 shares of the semiconductor company’s stock worth $586,066,000 after acquiring an additional 5,141,210 shares in the last quarter. Hedge funds and other institutional investors own 85.16% of the company’s stock.



A number of equities analysts have recently weighed in on the company. Drexel Hamilton restated a “buy” rating and issued a $130.00 target price (up previously from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Citigroup restated a “buy” rating and issued a $135.00 target price (up previously from $110.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. Mizuho restated a “buy” rating and issued a $107.00 target price (up previously from $96.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Morgan Stanley boosted their target price on Texas Instruments from $92.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, SunTrust Banks boosted their target price on Texas Instruments from $96.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $109.96.

Texas Instruments stock opened at $104.24 on Friday. Texas Instruments has a 12 month low of $75.92 and a 12 month high of $120.75. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $100,700.49, a P/E ratio of 24.36, a PEG ratio of 2.13 and a beta of 1.24.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting the consensus estimate of $1.09. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. Texas Instruments’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. analysts predict that Texas Instruments will post 4.99 earnings per share for the current year.

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About Texas Instruments

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.

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