In yesterday’s Wall Street session, Texas Instruments Inc. (NASDAQ:TXN) shares traded at $207.93, down -1.62% from the previous session.
TXN stock price is now 2.03% away from the 50-day moving average and 10.98% away from the 200-day moving average. The market capitalization of the company currently stands at $189.68B.
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
On August 21, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $200 to quote $235, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, SANCHEZ ROBERT E, Director sold 9,990 shares of the company’s stock on Oct 25 ’24. The stock was sold for $2,085,871 at an average price of $208.80. Upon completion of the transaction, the Director now directly owns 20,461 shares in the company, valued at $4.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 25 ’24, Officer Robert E Sanchez bought 9,990 shares of the business’s stock. A total of $2,085,773 was incurred on buying the stock at an average price of $208.79. 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 $214.66. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 4.31, and a quick ratio of 3.14. The fifty day moving average price for TXN is $203.8014 and a two-hundred day moving average price translates $187.3525 for the stock.
The latest earnings results from Texas Instruments Inc. (NASDAQ: TXN) was released for 2024-09-30. The net profit margin was 31.44% and return on equity was 29.15% for TXN. The company reported revenue of $4.15 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 -8.41 percent. For the current quarter, analysts expect TXN to generate $3.87B in revenue.