In yesterday’s Wall Street session, Texas Instruments Inc. (NASDAQ:TXN) shares traded at $166.76, down -1.45% from the previous session.
TXN stock price is now 0.41% away from the 50-day moving average and 1.17% away from the 200-day moving average. The market capitalization of the company currently stands at $151.63B.
With the price target enhanced from $145 to $160, TD Cowen maintained Market Perform rating for Texas Instruments Inc. (NASDAQ: TXN). On January 23, 2024, Cantor Fitzgerald recently initiated its ‘Neutral’ rating on the stock quoting a target price of $180, while ‘UBS’ rates the stock as ‘Buy’
In other news, BLINN MARK A, Director sold 1,744 shares of the company’s stock on Jan 31 ’24. The stock was sold for $278,776 at an average price of $159.85. Upon completion of the transaction, the Director now directly owns 11,693 shares in the company, valued at $1.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’23, Director KIRK RONALD sold 12,299 shares of the business’s stock. A total of $1,789,602 was realized by selling the stock at an average price of $145.51. This leaves the insider owning 13,637 shares of the company worth $2.27 million. A total of 0.16% 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 $188.12. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 4.55, and a quick ratio of 3.35. According to the stock market information, the enterprise value for the company is $156.64B, which is based on a 23.58 price-to-earnings ratio, a 2.36 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for TXN is $166.08 and a two-hundred day moving average price translates $164.83 for the stock.
The latest earnings results from Texas Instruments Inc. (NASDAQ: TXN) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at $1.49, beating analysts’ expectations of $1.47 by 0.02. This compares to $2.14 EPS in the same period last year. The net profit margin was 36.97% and return on equity was 41.15% for TXN. The company reported revenue of $4.08 billion for the quarter, compared to $4.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.7 percent. For the current quarter, analysts expect TXN to generate $3.61B in revenue.
Texas Instruments Inc.(TXN) Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products. This segment provides signal chain products that sense, condition, and measure signals to allow information to be transferred or converted for further processing and control, including amplifiers, data converters, interface products, motor drives, clocks, and logic and sensing products. The Embedded Processing segment offers microcontrollers that are used in electronic equipment; digital signal processors for mathematical computations; and applications processors for specific computing activity. This segment offers products for use in various markets, such as industrial, automotive, personal electronics, communications equipment, enterprise systems, and calculators and other. It provides DLP products primarily for use in project high-definition images; calculators; and application-specific integrated circuits. The company markets and sells its semiconductor products through direct sales and distributors, as well as through its website. Texas Instruments Incorporated was founded in 1930 and is headquartered in Dallas, Texas.
