Texas Instruments Inc. (NASDAQ: TXN) has seen a decline in its stock price by -0.61 in relation to its previous close of 168.53. However, the company has experienced a -3.85% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Texas Instruments (TXN) closed at $170.34 in the latest trading session, marking a -0.01% move from the prior day.
Is It Worth Investing in Texas Instruments Inc. (NASDAQ: TXN) Right Now?
Texas Instruments Inc. (NASDAQ: TXN) has a higher price-to-earnings ratio of 23.69x compared to its average ratio. TXN has 36-month beta value of 1.02. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 6 as “overweight,” 17 as “hold,” and 1 as “sell.”
The public float for TXN is 907.82M, and currently, short sellers hold a 1.97% ratio of that float. The average trading volume of TXN on April 08, 2024 was 5.58M shares.
TXN’s Market Performance
TXN stock saw a decrease of -3.85% in the past week, with a monthly decline of -2.54% and a quarterly a decrease of 1.85%. The volatility ratio for the week is 1.87%, and the volatility levels for the last 30 days are 2.01% for Texas Instruments Inc. (TXN). The simple moving average for the past 20 days is -2.39% for TXN’s stock, with a 1.74% simple moving average for the past 200 days.
Analysts’ Opinion of TXN
Many brokerage firms have already submitted their reports for TXN stocks, with TD Cowen repeating the rating for TXN by listing it as a “Market Perform.” The predicted price for TXN in the upcoming period, according to TD Cowen is $160 based on the research report published on January 24, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see TXN reach a price target of $180. The rating they have provided for TXN stocks is “Neutral” according to the report published on January 23rd, 2024.
UBS gave a rating of “Buy” to TXN, setting the target price at $195 in the report published on January 19th of the current year.
TXN Trading at 0.44% 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 -10.96% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -4.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.51% lower at present.
During the last 5 trading sessions, TXN fell by -3.85%, which changed the moving average for the period of 200-days by -3.93% in comparison to the 20-day moving average, which settled at $171.22. In addition, Texas Instruments Inc. saw -1.74% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TXN starting from BLINN MARK A, who sale 1,744 shares at the price of $159.85 back on Jan 31 ’24. After this action, BLINN MARK A now owns 11,693 shares of Texas Instruments Inc., valued at $278,776 using the latest closing price.
KIRK RONALD, the Director of Texas Instruments Inc., sale 12,299 shares at $145.51 during a trade that took place back on Nov 13 ’23, which means that KIRK RONALD is holding 13,637 shares at $1,789,602 based on the most recent closing price.
Stock Fundamentals for TXN
Current profitability levels for the company are sitting at:
- 0.42 for the present operating margin
- 0.63 for the gross margin
The net margin for Texas Instruments Inc. stands at 0.37. The total capital return value is set at 0.25. Equity return is now at value 41.15, with 21.75 for asset returns.
Based on Texas Instruments Inc. (TXN), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 20.77.
Currently, EBITDA for the company is 9.01 billion with net debt to EBITDA at 0.92. When we switch over and look at the enterprise to sales, we see a ratio of 9.17. The receivables turnover for the company is 7.67for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.55.
Conclusion
To put it simply, Texas Instruments Inc. (TXN) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
