At the time of writing, Texas Instruments Inc. [TXN] stock is trading at $183.95, up 0.70%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TXN shares have gain 4.99% over the last week, with a monthly amount glided 6.05%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Texas Instruments Inc. [NASDAQ: TXN] stock has seen the most recent analyst activity on April 24, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $175 from $160. Previously, Evercore ISI started tracking the stock with Outperform rating on April 16, 2024, and set its price target to $213. On January 24, 2024, TD Cowen reiterated its Market Perform rating and revised its price target to $160 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating and suggested a price target of $180 on January 23, 2024. UBS upgraded its rating to a Buy and raised its price target to $195 on January 19, 2024. Oppenheimer downgraded its rating to Perform for this stock on October 11, 2023. In a note dated August 30, 2023, Bernstein downgraded an Underperform rating on this stock but restated the target price of $145.
For the past year, the stock price of Texas Instruments Inc. fluctuated between $139.48 and $188.12. Currently, Wall Street analysts expect the stock to reach $189.62 within the next 12 months. Texas Instruments Inc. [NASDAQ: TXN] shares were valued at $183.95 at the most recent close of the market. An investor can expect a potential return of 3.08% based on the average TXN price forecast.
Analyzing the TXN fundamentals
According to Texas Instruments Inc. [NASDAQ:TXN], the company’s sales were 16.80B for trailing twelve months, which represents an -16.40% plunge. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.36 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 182.27 points at the first support level, and at 180.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 184.85, and for the 2nd resistance point, it is at 185.75.
Texas Instruments Inc. [TXN] reported earnings per share of $1.2 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.07/share, meaning a difference of $0.13 and a surprise factor of 12.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.49 per share as compared to estimates of $1.47 per share, a difference of $0.02 representing a surprise of 1.40%.
Ratios To Look Out For
It is important to note that Texas Instruments Inc. [NASDAQ:TXN] has a current ratio of 4.91. Further, the Quick Ratio stands at 3.76, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 9.97, the price to book ratio is 9.86 and price to earnings (TTM) ratio is 28.67.
Transactions by insiders
Recent insider trading involved TEMPLETON RICHARD K, Chairman, that happened on May 03 ’24 when 0.1 million shares were sold. Chairman, TEMPLETON RICHARD K completed a deal on May 02 ’24 to sell 0.1 million shares. Meanwhile, Chairman TEMPLETON RICHARD K sold 0.1 million shares on May 01 ’24.
