This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Semiconductor stocks have taken a big hit so far in 2022, and one Wall Street analyst just adjusted his ratings on six semis heading into the second half of the year.
The Analyst: Bank of America analyst Vivek Arya made the following seven ratings changes on Wednesday:
B of A Securities downgraded its rating of Texas Instruments (NASDAQ:TXN) to Neutral with a price target of $175.00, changing its price target from $190.00 to $175.00.
Shares of Texas Instruments are trading down 0.93% over the last 24 hours, at $152.72 per share.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Texas Instruments's (NASDAQ:TXN) short percent of float has fallen 8.39% since its last report. The company recently reported that it has 13.09 million shares sold short, which is 1.42% of all regular shares that are available for trading.
A whale with a lot of money to spend has taken a noticeably bearish stance on Texas Instruments.
Looking at options history for Texas Instruments (NASDAQ:TXN) we detected 12 strange trades.