Texas Instruments Inc. (TXN): A Great Stock For Handling Current Market Conditions?

Currently, there are 913.05M common shares owned by the public and among those 911.62M shares have been available to trade.

The company’s stock has a 5-day price change of -1.17% and -2.16% over the past three months. TXN shares are trading 17.24% year to date (YTD), with the 12-month market performance up to 30.83% higher. It has a 12-month low price of $139.48 and touched a high of $214.66 over the same period. TXN has an average intraday trading volume of 5.48 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 -2.14%, -1.16%, and 7.80% respectively.

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Institutional ownership of Texas Instruments Inc. (NASDAQ: TXN) shares accounts for 90.18% of the company’s 913.05M shares outstanding.

It has a market capitalization of $182.46B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 34.66, while the earnings-per-share (ttm) stands at $5.76. The company has a PEG of 4.93 and a Quick Ratio of 3.49 with the debt-to-equity ratio at 0.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.40% over the week and 2.11% over the month.

Earnings per share for the fiscal year are expected to decrease by -27.20%, and 22.64% over the next financial year. EPS should grow at an annualized rate of 7.03% 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. Citigroup stated their Buy rating for the stock in a research note on August 21, 2024, with the firm’s price target at $200-$235. Wells Fargo coverage for the Texas Instruments Inc. (TXN) stock in a research note released on May 16, 2024 offered a Underweight rating with a price target of $150. Jefferies was of a view on May 13, 2024 that the stock is Hold, while TD Cowen gave the stock Hold rating on April 24, 2024, issuing a price target of $160- $175. Evercore ISI on their part issued Outperform rating on April 16, 2024.

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