Shares are trading at $96.69 marginally over $90.87, the 50 day moving average and which is impressively higher than the 200 day moving average of $83.27. The 50 day moving average went up $5.82 or +6.41% and the 200 day average went up by +16.11%. 3,747K shares changed hands on Tuesday. Trading volume was down 9.04% under the stocks average daily volume.
Short traders are more bullish on shares of Texas Instruments Incorporated lately if you consider the decrease in short interest. The stock realized a fall in short interest of -1.75% between September 29, 2017 and October 13, 2017. Short interest fell 208,808 over that timeframe. With short interest at 11,715,624 and short average daily volume at 2,910,049, the short-interest ratio is 4.0 and the percentage of shorted shares was 0.01% on October 13.
Here is a rundown on some insider market activity for Texas Instruments Incorporated (NASDAQ:TXN). Richard K. Templeton, Chairman sold $43,407,000 worth of shares at a price of $96.46 on October 30th. That brings the Chairman’s holdings to $91,353,022 as reported to the SEC.
A few notable investment firms have updated their holdings. Garrison Financial Corp divested its stake by shedding 3,518 shares a decrease of 6.0% from 06/30/2017 to 09/30/2017. Garrison Financial Corp claims 54,847 shares with a value of $4,917,000. The value of the position overall is up by 9.5%. As of quarter end Andra Ap-fonden had sold a total of 2,800 shares trimming its stake by 2.7%. The value of the investment in Texas Instruments Incorporated increased from $7,993,000 to $9,063,000 increasing 13.4% quarter to quarter.
As of the end of the quarter Decatur Capital Management, Inc. had acquired 7,325 shares growing its holdings by 6.0%. The value of the investment in TXN went from $9,370,000 to $11,575,000 a change of 23.5% since the last quarter. As of the end of the quarter Heathbridge Capital Management Ltd. had disposed of a total of 150 shares trimming its position 0.0%. The value of the investment in (TXN) went from $27,322,000 to $31,822,000 a change of $4,500,000 quarter over quarter.
July 26 investment analysts at Citigroup held the company rating at “Buy” and raised the price target to $97.00 from $62.00. On October 18 Barclays made no change to the company rating of “Equal-Weight” and raised the price expectation from $83.00 to $95.00.
October 25 investment analysts at Baird made no change to the stock rating of “Neutral” but raised the price target to $100.00 from $49.00. October 25 investment analysts at Loop Capital left the stock rating at “Buy” but moved up the price target to $115.00 from $71.00.
On October 25 Nomura held the stock rating at “Buy” and moved up the price target from $52.00 to $115.00. October 25 investment analysts at Bank of America maintained a company rating of “Buy” but raised the price expectation to $115.00 from $70.00.
The company is trading up by 0.66% percent from yesterday’s close. Additionally Texas Instruments Incorporated recently announced a dividend for shareholders which will be paid on Monday the 13th of November 2017. The dividend will be $0.620 per share for the quarter or $2.48 annualized. This dividend amount will represent a yield of $2.54. The ex-dividend date is Monday October 30th, 2017.
The P/E ratio is 24.18 and the market cap is 95.73B. As of the last earnings report the EPS was $4.00 and is estimated to be $4.35 for the current year with 990,038,000 shares outstanding. Next quarter’s EPS is forecasted to be $1.03 with next year’s EPS anticipated to be $4.54.
Texas Instruments Incorporated, launched on December 23, 1938, 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..