Texas Instruments Inc. (TXN) generated strong free cash flow (FCF) and FCF margins on higher revenue in Q2. That implies that TXN stock could be worth 21% to 46% more. Shorting out-of-the-money puts is very attractive to value investors. This article will delve into these points.
TXN closed at $284.99, off 3.13% on Thursday, July 23. That's down 11.6% from a recent peak of $322.28 (June 22). However, over the last 3 months, TXN stock has been more or less flat, as seen in the Barchart chart below.