Texas Devices Inc (NASDAQ:TXN) is seeing fairly a little bit of bullish exercise forward of its fourth-quarter earnings report, due out after the shut tomorrow, Jan. 24, by which analysts count on income of $1.98 per share. Barclays at present raised its value goal to $165 from $150, whereas Truist Securities upped its personal to $177 from $158.
Name merchants are chiming in as properly, with 28,000 calls exchanged to this point, which is 4 occasions the intraday common, and double the quantity of places throughout the tape at this level. The March 190 name accounts for many of this quantity, with new positions opening there.
TXN has completed solely three of its final eight post-earnings classes larger, although that features a 6.7% pop in July. This time round, the choices pits are pricing in a next-day swing of seven.1%, no matter path, which is larger than the 4% transfer the inventory has averaged over the previous couple years.
Ultimately look at present, TXN was up 2.3% at $177.04. The $180 stage has given the shares some bother recently, although the inventory has damaged above all important short- and long-term shifting averages. Because the begin of the 12 months, Texas Devices inventory is up 7.9%.