Texas Instruments Inc. (NASDAQ: TXN): Do Not Miss The Gain Train

Texas Instruments Inc. (TXN) concluded trading on Wednesday at a closing price of $170.34, with 3.29 million shares of worth about $561.23 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.50% during that period and on April 3, 2024 the price saw a loss of about -0.01%. Currently the company’s common shares owned by public are about 909.00M shares, out of which, 907.82M shares are available for trading.

However, the stock later moved at a day high price of 176.35, or with a loss of -0.01%. Stock saw a price change of 1.45% in past 5 days and over the past one month there was a price change of -1.22%. Year-to-date (YTD), TXN shares are showing a performance of -0.07% which decreased to -8.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $139.48 but also hit the highest price of $188.12 during that period. The average intraday trading volume for Texas Instruments Inc. shares is 5.60 million. The stock is currently trading -0.84% below its 20-day simple moving average (SMA20), while that difference is up 2.02% for SMA50 and it goes to 3.42% higher than SMA200.

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Texas Instruments Inc. (NASDAQ: TXN) currently have 909.00M outstanding shares and institutions hold larger chunk of about 88.47% of that.

The stock has a current market capitalization of $154.89B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 24.09, while it has posted earnings per share of $7.07 in the same period. Its PEG reads 2.41 and has Quick Ratio of 3.35 while making debt-to-equity ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TXN, volatility over the week remained 1.81% while standing at 2.06% over the month.

Stock’s fiscal year EPS is expected to drop by -28.88% while it is estimated to increase by 27.68% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 4.81% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 24, 2024 offering a Market perform rating for the stock and assigned a target price range of between $145 and $160 to it. Coverage by Cantor Fitzgerald stated Texas Instruments Inc. (TXN) stock as a Neutral in their note to investors on January 23, 2024, suggesting a price target of $180 for the stock. Stock get an Underperform rating from Bernstein on August 30, 2023.

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