Investors Buy High Volume of Texas Instruments Call Options (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) saw some unusual options trading activity on Monday. Investors purchased 32,643 call options on the stock. This is an increase of approximately 108% compared to the typical volume of 15,724 call options.

Insider Activity at Texas Instruments

In other Texas Instruments news, 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 transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,969 shares of company stock valued at $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Several institutional investors have recently added to or reduced their stakes in the company. Annapolis Financial Services LLC increased its stake in Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Texas Instruments in the 3rd quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments during the fourth quarter worth $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the fourth quarter worth approximately $26,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Up 1.5 %

Shares of Texas Instruments stock opened at $181.67 on Tuesday. The business has a 50-day moving average of $171.03 and a two-hundred day moving average of $163.33. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The company 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 (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. The firm’s revenue was down 16.4% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments will post 5.21 EPS for the current year.

Texas Instruments Announces Dividend

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

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of analyst reports. Evercore ISI lifted their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Rosenblatt Securities restated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their price objective on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Finally, KeyCorp boosted their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $180.74.

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.