The stock of Texas Instruments Inc. (TXN) has gone down by -4.00% for the week, with a -6.06% drop in the past month and a -8.04% drop in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are 1.93% for TXN. The simple moving average for the past 20 days is -5.89% for TXN’s stock, with a -2.83% simple moving average for the past 200 days.
Is It Worth Investing in Texas Instruments Inc. (NASDAQ: TXN) Right Now?
The price-to-earnings ratio for Texas Instruments Inc. (NASDAQ: TXN) is 22.58x, which is above its average ratio. Moreover, the 36-month beta value for TXN is 1.02. Analysts have varying opinions 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 908.01M and currently, short sellers hold a 2.06% of that float. On April 22, 2024, TXN’s average trading volume was 5.52M shares.
TXN) stock’s latest price update
Texas Instruments Inc. (NASDAQ: TXN)’s stock price has gone decline by -2.44 in comparison to its previous close of 163.67, however, the company has experienced a -4.00% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-04-20 that Focusing on consistent dividend growth can lead to higher returns in lower-risk areas. The portfolio emphasizes companies with wide-moat business models, strong financials, and a commitment to shareholder returns. Blending higher-yielding dividend stocks with those offering growth potential creates a balanced approach suitable for most investors.
Analysts’ Opinion of TXN
Many brokerage firms have already submitted their reports for TXN stocks, with Evercore ISI repeating the rating for TXN by listing it as a “Outperform.” The predicted price for TXN in the upcoming period, according to Evercore ISI is $213 based on the research report published on April 16, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see TXN reach a price target of $160, previously predicting the price at $145. The rating they have provided for TXN stocks is “Market Perform” according to the report published on January 24th, 2024.
Cantor Fitzgerald gave a rating of “Neutral” to TXN, setting the target price at $180 in the report published on January 23rd of the current year.
TXN Trading at -4.86% 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 -15.12% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -7.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.57% upper at present.
During the last 5 trading sessions, TXN fell by -4.00%, which changed the moving average for the period of 200-days by -9.55% in comparison to the 20-day moving average, which settled at $169.03. In addition, Texas Instruments Inc. saw -6.32% 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 8.77. 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 wrap up, the performance of Texas Instruments Inc. (TXN) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
