Fly News Breaks for January 23, 2020
Jan 23, 2020 | 09:16 EDT
Loop Capital analyst Cody Acree raised his price target on Texas Instruments to $145 and kept his Buy rating, saying its Q4 results showed "signs of stabilization" across most end markets. The analyst notes that the results and sentiment for the company are now in line with the "vast majority" of analog/embedded chip sector, which appears to be in the early stages of an industry-wide cyclical recovery that he had been "predicting for the last several months". Acree believes that investors should buy the softer response in Texas Instruments stock price following the results.
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.