Texas Instruments Incorporated (NASDAQ:TXN) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 14,260,694 shares, a growth of 22.5% from the November 30th total of 11,639,426 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 5,773,115 shares, the days-to-cover ratio is presently 2.5 days.

In other news, VP R Gregory Delagi sold 61,250 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $96.75, for a total transaction of $5,925,937.50. Following the transaction, the vice president now directly owns 189,234 shares of the company’s stock, valued at $18,308,389.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cynthia Hoff Trochu sold 31,112 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $96.27, for a total value of $2,995,152.24. Following the transaction, the senior vice president now directly owns 74,029 shares in the company, valued at $7,126,771.83. The disclosure for this sale can be found here. Insiders sold 1,362,293 shares of company stock worth $131,754,396 over the last quarter. 0.96% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Enterprise Financial Services Corp lifted its holdings in shares of Texas Instruments by 0.3% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 4 shares during the last quarter. Financial Advisory Service Inc. lifted its holdings in shares of Texas Instruments by 0.4% during the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 12 shares during the last quarter. Highland Private Wealth Management lifted its holdings in shares of Texas Instruments by 0.8% during the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after buying an additional 25 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in shares of Texas Instruments by 1.3% during the 2nd quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 26 shares during the last quarter. Finally, Carret Asset Management LLC lifted its holdings in shares of Texas Instruments by 0.7% during the 2nd quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 83.82% of the company’s stock.

Shares of Texas Instruments (NASDAQ TXN) opened at $105.57 on Wednesday. Texas Instruments has a 1 year low of $72.47 and a 1 year high of $105.62. The company has a market capitalization of $104,050.00, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.50 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. equities analysts predict that Texas Instruments will post 4.36 earnings per share for the current fiscal year.

Texas Instruments announced that its Board of Directors has approved a share buyback program on Thursday, September 21st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

TXN has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Texas Instruments in a report on Tuesday, September 12th. Morgan Stanley raised their price target on Texas Instruments from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Robert W. Baird raised their price target on Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Deutsche Bank raised their price target on Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America lifted their target price on Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Texas Instruments currently has a consensus rating of “Buy” and an average price target of $95.06.

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Texas Instruments Company Profile

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

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