Traders See Bearish Options Activity Texas Instruments Incorporated

 Traders See Bearish Options Activity Texas Instruments Incorporated

In today’s session Texas Instruments Incorporated (TXN) recorded an unusually high (230) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious TXN decrease. With 230 contracts traded and 924 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: TXN161118P00062500 closed last at: $0.68 or 16% down. About 1.65 million shares traded hands. Texas Instruments Incorporated (NASDAQ:TXN) has risen 22.77% since March 15, 2016 and is uptrending. It has outperformed by 17.29% the S&P500.

Analysts await Texas Instruments Incorporated (NASDAQ:TXN) to report earnings on October, 19. They expect $0.86 EPS, up 13.16% or $0.10 from last year’s $0.76 per share. TXN’s profit will be $861.86 million for 20.21 P/E if the $0.86 EPS becomes a reality. After $0.76 actual EPS reported by Texas Instruments Incorporated for the previous quarter, Wall Street now forecasts 13.16% EPS growth.

Texas Instruments Incorporated (NASDAQ:TXN) Ratings Coverage

Out of 22 analysts covering Texas Instruments (NASDAQ:TXN), 11 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 50% are positive. Texas Instruments has been the topic of 40 analyst reports since July 24, 2015 according to StockzIntelligence Inc. BNP Paribas upgraded the stock to “Neutral” rating in Thursday, August 4 report. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, October 22 report. The stock of Texas Instruments Incorporated (NASDAQ:TXN) has “Outperform” rating given on Monday, August 3 by RBC Capital Markets. CLSA maintained the shares of TXN in a report on Tuesday, July 26 with “Underperform” rating. Mizuho maintained the shares of TXN in a report on Tuesday, January 19 with “Neutral” rating. As per Thursday, October 22, the company rating was maintained by RBC Capital Markets. FBR Capital maintained it with “Mkt Perform” rating and $58 target price in Thursday, October 22 report. On Tuesday, July 26 the stock rating was upgraded by Bank of America to “Buy”. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, April 28 report. The company was downgraded on Wednesday, February 3 by Goldman Sachs.

According to Zacks Investment Research, “Texas Instruments, Inc. is a global semiconductor company and one of the world’s leading designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. These two types of semiconductor products work together in digital electronic devices such as digital cellular phones. Other semiconductor products include standard logic, application- specific integrated circuits, reduced instruction-set computing microprocessors, microcontrollers and digital imaging devices.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.01, from 1 in 2016Q1. The ratio is negative, as 60 funds sold all Texas Instruments Incorporated shares owned while 299 reduced positions. 57 funds bought stakes while 298 increased positions. They now own 856.58 million shares or 0.73% less from 862.92 million shares in 2016Q1.
Shoker Invest Counsel, a Ohio-based fund reported 9,064 shares. Hilltop Holding Inc has 0.15% invested in the company for 7,589 shares. Bailard Incorporated has 0.04% invested in the company for 4,991 shares. Mairs And has invested 0% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Acadian Asset Llc last reported 0% of its portfolio in the stock. First National Bank Of Mount Dora Trust Serv holds 2.58% or 71,826 shares in its portfolio. Hm Payson And Com owns 68,232 shares or 0.21% of their US portfolio. The Ohio-based Gateway Advisers Limited Company has invested 0.41% in Texas Instruments Incorporated (NASDAQ:TXN). Aristotle Capital Management Ltd Com, a California-based fund reported 3.87 million shares. Mercer Capital Advisers last reported 0.03% of its portfolio in the stock. Piedmont Advisors Limited Liability Com has 0% invested in the company for 706,243 shares. Nelson Roberts Investment Advsrs Lc accumulated 0% or 133 shares. The New York-based Chemung Canal Tru has invested 1.05% in Texas Instruments Incorporated (NASDAQ:TXN). Korea has invested 0.15% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Penobscot Inv reported 12,445 shares or 0.28% of all its holdings.

Insider Transactions: Since April 29, 2016, the stock had 0 insider purchases, and 17 insider sales for $146.77 million net activity. 934,461 shares with value of $53.61 million were sold by TEMPLETON RICHARD K on Friday, April 29. The insider XIE BING sold $589,850. The insider CRUTCHER BRIAN T sold $12.73 million. The insider WHITMAN CHRISTINE TODD sold 7,000 shares worth $404,188. 7,000 shares with value of $401,457 were sold by CARP DANIEL A on Friday, April 29. DELAGI R GREGORY sold $3.50 million worth of stock or 50,000 shares. 195,000 shares with value of $13.79M were sold by WEST TERESA L on Wednesday, July 27.

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The company has a market cap of $69.67 billion. The Firm operates through two divisions: Analog and Embedded Processing. It has a 23.43 P/E ratio. The Company’s Analog segment’s product line includes High Volume Analog & Logic , Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).

TXN Company Profile

Texas Instruments Incorporated, incorporated on December 23, 1938, designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Firm operates through two divisions: Analog and Embedded Processing. The Firm has design, manufacturing or sales activities in over 30 countries.

Another recent and important Texas Instruments Incorporated (NASDAQ:TXN) news was published by Profitconfidential.com which published an article titled: “Texas Instruments Incorporated: New Highs for TXN Stock if it Does This” on September 27, 2016.

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