Fly News Breaks for January 23, 2020
Jan 23, 2020 | 07:54 EDT
Following a "beat and raise" report from Texas Instruments, Jefferies analyst Mark Lipacis noted that the company said it sees signs of stabilization in the market and it believes the inventory correction is largely over. Lipacis, who expects a robust inventory restock in 2020, said Texas Instruments remains his top large-cap pick and he raised his price target on the stock to $164 following the earnings report while keeping a Buy rating on TI shares.
News For TXN From the Last 2 Days
Oct 28, 2020 | 10:55 EDT
Bearish flow noted in Texas Instruments with 13,538 puts trading, or 8x expected. Most active are Nov-20 135 puts and Mar-21 155 puts, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 8.59, while ATM IV is up nearly 6 points on the day. Earnings are expected on January 19th.