In yesterday’s Wall Street session, Texas Instruments Inc (NASDAQ:TXN) shares traded at $214.97, up 6.18% from the previous session.
TXN stock price is now 5.60% away from the 50-day moving average and 14.20% away from the 200-day moving average. The market capitalization of the company currently stands at $196.10B.
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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, Haviv Ilan, Officer bought 25,000 shares of the company’s stock on Nov 06 ’24. The stock was bought for $5,287,596 at an average price of $211.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Officer CHRISTINE WITZSCHE bought 132 shares of the business’s stock. A total of $27,941 was incurred on buying the stock at an average price of $211.67. 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 $143.08 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 $203.48 and a two-hundred day moving average price translates $188.03445 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.
