Uncovering Institutional Buying In Texas Instruments Inc. (NASDAQ: TXN)

Currently, there are 913.05M common shares owned by the public and among those 911.68M shares have been available to trade.

The company’s stock has a 5-day price change of 5.51% and 5.02% over the past three months. TXN shares are trading 15.72% year to date (YTD), with the 12-month market performance up to 18.68% higher. It has a 12-month low price of $139.48 and touched a high of $210.84 over the same period. TXN has an average intraday trading volume of 5.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.26%, 0.26%, and 13.07% respectively.

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Institutional ownership of Texas Instruments Inc. (NASDAQ: TXN) shares accounts for 87.85% of the company’s 913.05M shares outstanding.

It has a market capitalization of $180.10B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 34.22, while the earnings-per-share (ttm) stands at $5.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.87% over the week and 3.17% over the month.

Earnings per share for the fiscal year are expected to decrease by -26.72%, and 22.88% over the next financial year. EPS should shrink at an annualized rate of -2.80% over the next five years, compared to 4.81% over the past 5-year period.

Looking at the support for the TXN, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on May 16, 2024, with the firm’s price target at $150. Jefferies coverage for the Texas Instruments Inc. (TXN) stock in a research note released on May 13, 2024 offered a Hold rating with a price target of $175. TD Cowen was of a view on April 24, 2024 that the stock is Hold, while Evercore ISI gave the stock Outperform rating on April 16, 2024, issuing a price target of $213. TD Cowen on their part issued Market Perform rating on January 24, 2024.

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