Is Texas Instruments Inc (NASDAQ: TXN) Proving The Doubters Wrong?

Texas Instruments Inc (TXN) concluded trading on Thursday at a closing price of $186.95, with 4.18 million shares of worth about $780.55 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.03% during that period and on Thursday the price saw a loss of about -0.30%. Currently the company’s common shares owned by public are about 912.00M shares, out of which, 910.83M shares are available for trading.

Stock saw a price change of -2.85% in past 5 days and over the past one month there was a price change of -7.35%. Year-to-date (YTD), TXN shares are showing a performance of -0.30% which increased to 10.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $155.46 but also hit the highest price of $220.38 during that period. The average intraday trading volume for Texas Instruments Inc shares is 5.52 million. The stock is currently trading -1.69% below its 20-day simple moving average (SMA20), while that difference is down -6.07% for SMA50 and it goes to -3.75% lower than SMA200.

Texas Instruments Inc (NASDAQ: TXN) currently have 912.00M outstanding shares and institutions hold larger chunk of about 88.23% of that.

The stock has a current market capitalization of $170.54B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 34.73, while it has posted earnings per share of $5.38 in the same period. Its PEG reads 25.88 and has Quick Ratio of 3.14 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 1.60% while standing at 1.96% over the month.

Stock’s fiscal year EPS is expected to drop by -27.95% while it is estimated to increase by 13.97% in next year. EPS is likely to shrink at an annualized rate of 1.34% 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 November 22, 2024 offering an Equal weight rating for the stock and assigned a target price of $215 to it. On August 21, 2024, Citigroup Upgrade their recommendations, while on May 16, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $150. Stock get a Hold rating from Jefferies on May 13, 2024.

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