Texas Instruments Inc. (TXN) concluded trading on Wednesday at a closing price of $204.26, with 7.78 million shares of worth about $1.59 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.64% during that period and on July 17, 2024 the price saw a loss of about -1.14%. Currently the company’s common shares owned by public are about 910.48M shares, out of which, 909.11M shares are available for trading.
Stock saw a price change of 0.31% in past 5 days and over the past one month there was a price change of 5.34%. Year-to-date (YTD), TXN shares are showing a performance of 19.83% which increased to 11.37% 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 $206.77 during that period. The average intraday trading volume for Texas Instruments Inc. shares is 5.34 million. The stock is currently trading 3.29% above its 20-day simple moving average (SMA20), while that difference is up 4.63% for SMA50 and it goes to 19.81% higher than SMA200.
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Texas Instruments Inc. (NASDAQ: TXN) currently have 910.48M outstanding shares and institutions hold larger chunk of about 88.99% of that.
The stock has a current market capitalization of $185.97B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 31.84, while it has posted earnings per share of $6.42 in the same period. It has Quick Ratio of 3.76 while making debt-to-equity ratio of 0.84. 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 2.11% while standing at 1.67% over the month.
Stock’s fiscal year EPS is expected to drop by -28.07% while it is estimated to increase by 23.74% in next year. EPS is likely to shrink at an annualized rate of -6.20% 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 Wells Fargo on May 16, 2024 offering an Underweight rating for the stock and assigned a target price of $150 to it. Coverage by Jefferies stated Texas Instruments Inc. (TXN) stock as a Hold in their note to investors on May 13, 2024, suggesting a price target of $175 for the stock. On April 24, 2024, TD Cowen Reiterated their recommendations, while on April 16, 2024, Evercore ISI Initiated their ratings for the stock with a price target of $213. Stock get a Market perform rating from TD Cowen on January 24, 2024.
