Texas Instruments Incorporated (NASDAQ: TXN)’s stock price has increased by 1.57 compared to its previous closing price of 174.39. Despite this, the company has experienced a 2.13% gain in its stock price over the last five trading sessions. The Wall Street Journal reported on 10/28/22 that With Drones in Ukraine, Iran Projects Power Beyond Mideast
Is It Worth Investing in Texas Instruments Incorporated (NASDAQ: TXN) Right Now?
The price-to-earnings ratio for Texas Instruments Incorporated (NASDAQ: TXN) is above average at 18.84x. The 36-month beta value for TXN is also noteworthy at 1.02. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 1 rating it as “overweight,” 20 rating it as “hold,” and 3 rating it as “sell.”
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The average price estimated by analysts for TXN is $185.15, which is $6.32 above than the current price. The public float for TXN is 905.72M, and at present, short sellers hold a 1.78% of that float. The average trading volume of TXN on March 17, 2023 was 5.19M shares.
TXN’s Market Performance
TXN’s stock has seen a 2.13% increase for the week, with a 0.45% rise in the past month and a -0.21% fall in the past quarter. The volatility ratio for the week is 2.53%, and the volatility levels for the past 30 days are at 2.11% for Texas Instruments Incorporated The simple moving average for the last 20 days is 2.21% for TXN stock, with a simple moving average of 5.18% for the last 200 days.
Analysts’ Opinion of TXN
Many brokerage firms have already submitted their reports for TXN stocks, with Truist repeating the rating for TXN by listing it as a “Hold.” The predicted price for TXN in the upcoming period, according to Truist is $177 based on the research report published on January 23rd of the current year 2023.
Credit Suisse, on the other hand, stated in their research note that they expect to see TXN reach a price target of $205, previously predicting the price at $185. The rating they have provided for TXN stocks is “Neutral” according to the report published on November 16th, 2022.
Barclays gave a rating of “Equal Weight” to TXN, setting the target price at $150 in the report published on October 24th of the previous year.
TXN Trading at 1.23% from the 50-Day Moving Average
After a stumble in the market that brought TXN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.43% of loss for the given period.
Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares sank -0.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.53% upper at present.
During the last 5 trading sessions, TXN rose by +2.13%, which changed the moving average for the period of 200-days by -0.47% in comparison to the 20-day moving average, which settled at $173.23. In addition, Texas Instruments Incorporated saw 7.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TXN starting from BAHAI AHMAD, who sale 1,200 shares at the price of $176.67 back on Feb 13. After this action, BAHAI AHMAD now owns 30,357 shares of Texas Instruments Incorporated, valued at $212,003 using the latest closing price.
BLINN MARK A, the Director of Texas Instruments Incorporated, sale 3,068 shares at $181.69 during a trade that took place back on Feb 03, which means that BLINN MARK A is holding 11,773 shares at $557,425 based on the most recent closing price.
Stock Fundamentals for TXN
Current profitability levels for the company are sitting at:
- +51.91 for the present operating margin
- +68.76 for the gross margin
The net margin for Texas Instruments Incorporated stands at +43.48. Equity return is now at value 60.90, with 33.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.70.
Conclusion
In summary, Texas Instruments Incorporated (TXN) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
