Texas Instruments Incorporated (NASDAQ:TXN) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 20,560,000 shares, a growth of 18.6% from the December 15th total of 17,340,000 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 4,520,000 shares, the short-interest ratio is presently 4.5 days.

Shares of NASDAQ TXN traded up $0.72 during trading on Tuesday, hitting $130.67. 4,516,032 shares of the company traded hands, compared to its average volume of 4,345,864. Texas Instruments has a 1 year low of $94.81 and a 1 year high of $132.20. The company has a 50-day moving average price of $126.04 and a 200-day moving average price of $123.59. The firm has a market capitalization of $121.52 billion, a P/E ratio of 24.11, a P/E/G ratio of 2.58 and a beta of 1.21. The company has a quick ratio of 3.32, a current ratio of 4.34 and a debt-to-equity ratio of 0.59.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.07. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the company earned $1.56 EPS. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. Research analysts predict that Texas Instruments will post 4.94 EPS for the current fiscal year.

In other Texas Instruments news, VP Ahmad Bahai sold 1,550 shares of Texas Instruments stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.99, for a total value of $182,884.50. Following the completion of the sale, the vice president now directly owns 25,354 shares of the company’s stock, valued at approximately $2,991,518.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Hagop H. Kozanian sold 5,383 shares of Texas Instruments stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $119.51, for a total transaction of $643,322.33. Following the completion of the sale, the vice president now directly owns 41,839 shares of the company’s stock, valued at $5,000,178.89. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Delta Asset Management LLC TN lifted its holdings in shares of Texas Instruments by 890.9% during the 3rd quarter. Delta Asset Management LLC TN now owns 218 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 196 shares in the last quarter. Lenox Wealth Management Inc. lifted its holdings in shares of Texas Instruments by 766.7% during the 3rd quarter. Lenox Wealth Management Inc. now owns 260 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 230 shares in the last quarter. Financial Advantage Inc. acquired a new position in shares of Texas Instruments during the 3rd quarter valued at $34,000. Pathstone Family Office LLC lifted its holdings in shares of Texas Instruments by 106.0% during the 2nd quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 194 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC acquired a new position in shares of Texas Instruments during the 3rd quarter valued at $48,000. 85.04% of the stock is owned by institutional investors.

Several analysts have commented on TXN shares. Morgan Stanley lifted their target price on shares of Texas Instruments from $109.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Mizuho lowered their target price on shares of Texas Instruments from $116.00 to $113.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. UBS Group lifted their target price on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered their target price on shares of Texas Instruments to $124.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. Finally, Stifel Nicolaus set a $117.00 target price on shares of Texas Instruments and gave the stock a “hold” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $121.38.

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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