Texas Instruments Incorporated (NASDAQ:TXN) Short Interest Update

Key Points

• Texas Instruments saw a significant increase in short interest in July, rising by 74,745.8% to a total of 16,990,000 shares.
• The semiconductor company announced a quarterly dividend of $1.36 per share, with a yield of 3.0%, set to be paid on August 12th.
• For the second quarter, Texas Instruments reported an EPS of $1.41, exceeding expectations, with revenue rising 16.4% year-over-year to $4.45 billion.

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 16,990,000 shares, anincreaseof74,745.8% from the June 30th total of 22,700 shares. Based on an average daily volume of 7,160,000 shares, the days-to-cover ratio is presently 2.4 days. Currently,1.9% of the company's stock are short sold. Currently,1.9% of the company's stock are short sold. Based on an average daily volume of 7,160,000 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Trading of Texas Instruments

Several institutional investors have recently added to or reduced their stakes in TXN. Brighton Jones LLC increased its holdings in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after buying an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after buying an additional 17,840 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in Texas Instruments during the fourth quarter valued at approximately $69,000. Trexquant Investment LP increased its holdings in Texas Instruments by 59.7% during the fourth quarter. Trexquant Investment LP now owns 9,494 shares of the semiconductor company's stock valued at $1,780,000 after buying an additional 3,549 shares during the period. Finally, World Investment Advisors increased its holdings in Texas Instruments by 34.4% during the fourth quarter. World Investment Advisors now owns 9,399 shares of the semiconductor company's stock valued at $1,762,000 after buying an additional 2,406 shares during the period. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Up 0.0%

Shares of NASDAQ:TXN traded up $0.07 during trading on Friday, reaching $181.13. The company's stock had a trading volume of 4,132,992 shares, compared to its average volume of 7,389,351. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments has a 12 month low of $139.95 and a 12 month high of $221.69. The firm's 50 day simple moving average is $200.47 and its two-hundred day simple moving average is $185.42. The stock has a market capitalization of $164.67 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 3.11 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. On average, research analysts predict that Texas Instruments will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 3.0%. Texas Instruments's dividend payout ratio (DPR) is presently 99.63%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TXN. Wells Fargo & Company decreased their price objective on shares of Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Robert W. Baird boosted their price objective on shares of Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Seaport Res Ptn upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Truist Financial boosted their target price on shares of Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and an average target price of $212.21.

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.

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