In yesterday’s Wall Street session, Texas Instruments Inc (NASDAQ:TXN) shares traded at $205.72, down -3.32% from the previous session.
TXN stock price is now 0.73% away from the 50-day moving average and 8.59% away from the 200-day moving average. The market capitalization of the company currently stands at $187.66B.
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, Lizardi Rafael R, Sr. Vice President & CFO sold 46,917 shares of the company’s stock on Nov 07 ’24. The stock was sold for $10,188,294 at an average price of $217.16. Upon completion of the transaction, the Sr. Vice President & CFO now directly owns 74,061 shares in the company, valued at $15.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, President & CEO Ilan Haviv sold 13,151 shares of the business’s stock. A total of $2,884,026 was realized by selling the stock at an average price of $219.30. This leaves the insider owning 125,686 shares of the company worth $25.86 million. 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 $145.19 and a high of $220.38. 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 $204.2296 and a two-hundred day moving average price translates $189.45026 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.
