Texas Instruments Inc. (NASDAQ:TXN) shares traded 3.00% higher at $209.88 on Wall Street last session.
TXN stock price is now 6.18% away from the 50-day moving average and 18.75% away from the 200-day moving average. The market capitalization of the company currently stands at $191.63B.
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With the price target enhanced from $200 to $235, Citigroup Upgraded its rating from Neutral to Buy for Texas Instruments Inc. (NASDAQ: TXN). On May 16, 2024, Wells Fargo recently initiated its ‘Underweight’ rating on the stock quoting a target price of $150, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, SHANON J. LEONARD, Officer bought 2,816 shares of the company’s stock on Aug 23 ’24. The stock was bought for $588,301 at an average price of $208.91. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’24, Officer JEAN M HOBBY bought 21,239 shares of the business’s stock. A total of $4,369,074 was incurred on buying the stock at an average price of $205.71. 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 $210.88. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 4.62, and a quick ratio of 3.49. The fifty day moving average price for TXN is $197.8782 and a two-hundred day moving average price translates $177.04636 for the stock.
The latest earnings results from Texas Instruments Inc. (NASDAQ: TXN) was released for 2024-06-30. The net profit margin was 32.84% and return on equity was 31.88% for TXN. The company reported revenue of $3.82 billion for the quarter, compared to $4.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.65 percent.
