Short Interest Don’t Lie: What Next for Texas Instruments (NASDAQ:TXN) Stock After Decrease in Shorted Shares?

November 17, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Don't Lie: What Next for Texas Instruments (NASDAQ:TXN) Stock After Decrease in Shorted Shares?

The stock of Texas Instruments (NASDAQ:TXN) registered a decrease of 3.98% in short interest. TXN’s total short interest was 20.90M shares in November as published by FINRA. Its down 3.98% from 21.77 million shares, reported previously. With 5.03 million shares average volume, it will take short sellers 4 days to cover their TXN’s short positions. The short interest to Texas Instruments’s float is 2.09%. About 717 shares traded hands. Texas Instruments Incorporated (NASDAQ:TXN) has risen 20.82% since April 15, 2016 and is uptrending. It has outperformed by 16.20% the S&P500.

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The company has a market cap of $71.98 billion. The Firm operates through two divisions: Analog and Embedded Processing. It has a 22.5 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).

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.01, from 1 in 2016Q1. The ratio turned 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.
Hodges Capital holds 15,734 shares or 0.05% of its portfolio. Moreover, Cornerstone has 0.25% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 3,842 shares. The Massachusetts-based State Street Corp has invested 0.26% in Texas Instruments Incorporated (NASDAQ:TXN). Private Advisor Ltd Llc last reported 19,460 shares in the company. Royal London Asset Mgmt owns 342,629 shares or 0.35% of their US portfolio. Regentatlantic Lc, a New Jersey-based fund reported 40,989 shares. State Common Retirement Fund holds 0.28% or 3.09M shares in its portfolio. Sei holds 0.08% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 220,231 shares. The Virginia-based Chase Inv Counsel has invested 0.15% in Texas Instruments Incorporated (NASDAQ:TXN). Highlander Capital Mgmt Ltd Limited Liability Company last reported 0.08% of its portfolio in the stock. The Virginia-based Wilbanks Smith Thomas Asset Management Limited Liability Co has invested 0.51% in Texas Instruments Incorporated (NASDAQ:TXN). Moreover, Dynamic Limited has 0.17% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 23,441 shares. Boston Prtnrs reported 7.55 million shares or 0.68% of all its holdings. Dowling And Yahnke Ltd, a California-based fund reported 69,038 shares. Ibm Retirement Fund last reported 132,054 shares in the company.

Insider Transactions: Since July 27, 2016, the stock had 0 insider purchases, and 12 insider sales for $76.01 million net activity. CRUTCHER BRIAN T had sold 15,000 shares worth $1.06 million. Shares for $7.23 million were sold by ANDERSON STEPHEN A. on Monday, August 8. DELAGI R GREGORY also sold $3.50 million worth of Texas Instruments Incorporated (NASDAQ:TXN) on Friday, July 29. 56,250 shares were sold by XIE BING, worth $3.97M on Wednesday, July 27. The insider MARCH KEVIN P sold $15.17M. On Wednesday, July 27 Whitaker Darla H sold $11.39M worth of the stock or 160,403 shares. Another trade for 61,499 shares valued at $4.36M was sold by RITCHIE KEVIN J.

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 42 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Friday, October 2, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by B. Riley & Co given on Thursday, April 28. Mizuho maintained Texas Instruments Incorporated (NASDAQ:TXN) rating on Tuesday, January 19. Mizuho has “Neutral” rating and $51.0 price target. The rating was upgraded by Charter Equity on Thursday, October 22 to “Buy”. The rating was upgraded by Bernstein to “Outperform” on Tuesday, September 13. Bernstein maintained Texas Instruments Incorporated (NASDAQ:TXN) rating on Tuesday, July 26. Bernstein has “Market Perform” rating and $70 price target. The stock of Texas Instruments Incorporated (NASDAQ:TXN) has “Neutral” rating given on Thursday, August 4 by BNP Paribas. RBC Capital Markets initiated Texas Instruments Incorporated (NASDAQ:TXN) on Monday, August 3 with “Outperform” rating. The firm earned “Outperform” rating on Tuesday, December 15 by Oppenheimer. The firm has “Outperform” rating by Raymond James given on Tuesday, April 19.

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.

More recent Texas Instruments Incorporated (NASDAQ:TXN) news were published by: Nasdaq.com which released: “Texas Instruments Incorporated (TXN) Ex-Dividend Date Scheduled for November …” on November 02, 2016. Also Profitconfidential.com published the news titled: “Texas Instruments Stock: Price Support for TXN Stock Is Found Here” on November 07, 2016. Etfdailynews.com‘s news article titled: “Texas Instruments Boosts Dividend 32% as Q3 Results Top Expectations” with publication date: October 26, 2016 was also an interesting one.

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By Winifred Garcia


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