Texas Instruments Inc. (NASDAQ:TXN) shares traded 1.77% higher at $202.54 on Wall Street last session.
TXN stock price is now 15.40% away from the 50-day moving average and 23.00% away from the 200-day moving average. The market capitalization of the company currently stands at $184.41B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $150, Wells Fargo recently initiated with Underweight rating for Texas Instruments Inc. (NASDAQ: TXN). On May 13, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $200 to quote $175, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, TEMPLETON RICHARD K, Chairman sold 100,440 shares of the company’s stock on May 03 ’24. The stock was sold for $17,925,682 at an average price of $178.47. Upon completion of the transaction, the Chairman now directly owns 403,851 shares in the company, valued at $81.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’24, Chairman TEMPLETON RICHARD K sold 104,000 shares of the business’s stock. A total of $18,246,007 was realized by selling the stock at an average price of $175.44. This leaves the insider owning 403,851 shares of the company worth $81.8 million. A total of 0.15% 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 $199.30. 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 stock market information, the enterprise value for the company is $188205056000, which is based on a 31.57 price-to-earnings ratio, a 3.16 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for TXN is $175.5132 and a two-hundred day moving average price translates $164.6622 for the stock.
The latest earnings results from Texas Instruments Inc. (NASDAQ: TXN) was released for 2024-03-31. 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 $3.81B in revenue.
