Stocks of Texas Instruments Inc. (NASDAQ:TXN) traded higher last session on Wall Street, down -1.36% to $196.28.
TXN stock price is now 7.17% away from the 50-day moving average and 17.62% away from the 200-day moving average. The market capitalization of the company currently stands at $178.71B.
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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 $79.27 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 $79.27 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 $206.00. 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. The fifty day moving average price for TXN is $183.6654 and a two-hundred day moving average price translates $167.008 for the stock.
The latest earnings results from Texas Instruments Inc. (NASDAQ: TXN) was released for 2024-03-31. 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.
