In yesterday’s Wall Street session, Texas Instruments Inc. (NASDAQ:TXN) shares traded at $175.20, down -0.69% from the previous session.
TXN stock price is now 3.23% away from the 50-day moving average and 6.81% away from the 200-day moving average. The market capitalization of the company currently stands at $159.52B.
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With the price target enhanced from $160 to $175, TD Cowen maintained Hold rating for Texas Instruments Inc. (NASDAQ: TXN). On April 16, 2024, Evercore ISI recently initiated its ‘Outperform’ rating on the stock quoting a target price of $213, while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, TEMPLETON RICHARD K, Chairman sold 104,000 shares of the company’s stock on Apr 30 ’24. The stock was sold for $18,511,304 at an average price of $177.99. Upon completion of the transaction, the Chairman now directly owns 403,851 shares in the company, valued at $70.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29 ’24, Chairman TEMPLETON RICHARD K sold 104,000 shares of the business’s stock. A total of $18,582,972 was realized by selling the stock at an average price of $178.68. This leaves the insider owning 403,851 shares of the company worth $70.75 million. A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, Texas Instruments Inc. has had a low of $139.48 and a high of $188.12. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 4.91, and a quick ratio of 3.76.
According to the Semiconductors Company, earnings per share came in at 1.87, beating analysts’ expectations of 1.76 by 0.11. This compares to $1.86 EPS in the same period last year. The net profit margin was 34.98% and return on equity was 36.47% for TXN. The company reported revenue of $3.66 billion for the quarter, compared to $4.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.4 percent. For the current quarter, analysts expect TXN to generate $3.56B in revenue.
