Texas Instruments Inc. (NASDAQ:TXN) shares traded -2.62% lower at $168.92 on Wall Street last session.
TXN stock price is now 1.19% away from the 50-day moving average and 2.63% away from the 200-day moving average. The market capitalization of the company currently stands at $153.60B.
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 $1.98 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 $2.3 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 $160.51B, which is based on a 23.89 price-to-earnings ratio, a 2.39 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for TXN is $166.94 and a two-hundred day moving average price translates $164.60 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.
