Check Out What Whales Are Doing With TXN

Deep-pocketed investors have adopted a bearish approach towards Texas Instruments TXN, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TXN usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Texas Instruments. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 12% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $86,683, and 6 are calls, amounting to $1,422,495.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $200.0 for Texas Instruments over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Texas Instruments's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Texas Instruments's whale trades within a strike price range from $80.0 to $200.0 in the last 30 days.

Texas Instruments Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Texas Instruments

Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.

Following our analysis of the options activities associated with Texas Instruments, we pivot to a closer look at the company's own performance.

Texas Instruments's Current Market Status

• Trading volume stands at 1,132,389, with TXN's price up by 0.64%, positioned at $186.5.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 74 days.

Expert Opinions on Texas Instruments

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $185.4.

• Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Texas Instruments with a target price of $167.
• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $180.
• Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Texas Instruments with a target price of $195.
• An analyst from TD Cowen persists with their Hold rating on Texas Instruments, maintaining a target price of $175.
• In a cautious move, an analyst from Rosenblatt downgraded its rating to Buy, setting a price target of $210.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Texas Instruments with Benzinga Pro for real-time alerts.