In yesterday’s Wall Street session, Texas Instruments Inc. (NASDAQ:TXN) shares traded at $207.60, up 3.43% from the previous session.
TXN stock price is now 3.60% away from the 50-day moving average and 14.37% away from the 200-day moving average. The market capitalization of the company currently stands at $189.55B.
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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, PATSLEY PAMELA H, Director sold 6,065 shares of the company’s stock on Aug 29 ’24. The stock was sold for $1,288,388 at an average price of $212.43. Upon completion of the transaction, the Director now directly owns 33,348 shares in the company, valued at $6.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29 ’24, Sr. Vice President Gary Mark sold 15,165 shares of the business’s stock. A total of $3,224,484 was realized by selling the stock at an average price of $212.63. This leaves the insider owning 45,143 shares of the company worth $9.37 million. A total of 0.17% 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 $214.66. 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 $200.465 and a two-hundred day moving average price translates $181.77055 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.
