Investors Purchase Large Volume of Call Options on Texas Instruments (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) saw some unusual options trading on Monday. Traders acquired 32,643 call options on the stock. This is an increase of approximately 108% compared to the average volume of 15,724 call options.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research reports. Evercore ISI increased their target price on Texas Instruments from $213.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 24th. Susquehanna boosted their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, April 24th. Truist Financial raised their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, April 24th. The Goldman Sachs Group boosted their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a "sell" rating in a research note on Wednesday, April 24th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $180.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $180.74.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of the firm's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,969 shares of company stock valued at $58,427,984. Insiders own 0.68% of the company's stock.

Institutional Trading of Texas Instruments

Several hedge funds have recently made changes to their positions in TXN. CFO4Life Group LLC increased its position in Texas Instruments by 7.4% in the first quarter. CFO4Life Group LLC now owns 6,400 shares of the semiconductor company's stock worth $1,115,000 after buying an additional 441 shares during the period. Ballast Inc. increased its holdings in shares of Texas Instruments by 5.0% in the 1st quarter. Ballast Inc. now owns 7,268 shares of the semiconductor company's stock worth $1,266,000 after acquiring an additional 345 shares during the period. Mawer Investment Management Ltd. lifted its position in Texas Instruments by 0.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 345,091 shares of the semiconductor company's stock valued at $60,118,000 after purchasing an additional 1,401 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Texas Instruments by 4.2% during the 1st quarter. Manchester Capital Management LLC now owns 3,460 shares of the semiconductor company's stock valued at $603,000 after purchasing an additional 138 shares during the period. Finally, Mittelman Wealth Management bought a new position in Texas Instruments in the 1st quarter worth about $741,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

TXN traded up $2.76 during trading hours on Monday, hitting $181.67. 4,126,103 shares of the stock were exchanged, compared to its average volume of 5,673,829. The stock has a market cap of $165.41 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. The stock has a 50-day simple moving average of $171.03 and a 200-day simple moving average of $163.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the firm posted $1.85 EPS. The company's revenue for the quarter was down 16.4% on a year-over-year basis. Analysts anticipate that Texas Instruments will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

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

Texas Instruments Company Profile

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.