Investors Buy High Volume of Texas Instruments Incorporated Call Options (TXN)
Texas Instruments Incorporated (NYSE:TXN) saw some unusual options trading on Tuesday. Stock traders bought 13,426 call options on the stock, AR Network reports. This is an increase of 498% compared to the typical daily volume of 2,245 call options.
A number of research firms have recently commented on TXN. Analysts at Nomura downgraded shares of Texas Instruments Incorporated from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, December 12th. They now have a $33.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Texas Instruments Incorporated in a research note to investors on Wednesday, December 11th. They now have a $46.00 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Texas Instruments Incorporated from $33.00 to $40.00 in a research note to investors on Tuesday, December 10th. They now have a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.82.
Shares of Texas Instruments Incorporated (NYSE:TXN) traded up 0.92% during mid-day trading on Tuesday, hitting $43.85. The stock had a trading volume of 7,411,976 shares. Texas Instruments Incorporated has a 1-year low of $32.19 and a 1-year high of $44.09. The stock’s 50-day moving average is $43.05 and its 200-day moving average is $40.63. The company has a market cap of $47.997 billion and a P/E ratio of 25.74.
Texas Instruments Incorporated (NYSE:TXN) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post $1.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 10th. Investors of record on Friday, January 31st will be paid a dividend of 0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Wednesday, January 29th.
Texas Instruments Inc (NYSE:TXN) designs and makes semiconductors that the Company sells to electronics designers and manufacturers all over the world.
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