The stock of Texas Instruments Inc. (NASDAQ: TXN) has decreased by -0.08 when compared to last closing price of 192.21.Despite this, the company has seen a gain of 6.00% in its stock price over the last five trading days. investorplace.com reported 2024-08-10 that The recent carry trade scare sent Japanese stocks into a tailspin, and the contagion spread to other markets faster than a juicy rumor in a high school cafeteria. Even stocks that were already in correction mode got hammered even harder.
Is It Worth Investing in Texas Instruments Inc. (NASDAQ: TXN) Right Now?
The price-to-earnings ratio for Texas Instruments Inc. (NASDAQ: TXN) is above average at 33.32x, Company’s 36-month beta value is 0.98.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 6 as “overweight,” 17 as “hold,” and 1 as “sell.”
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The public float for TXN is 911.68M, and currently, short sellers hold a 2.23% ratio of that floaft. The average trading volume of TXN on August 13, 2024 was 5.42M shares.
TXN’s Market Performance
TXN stock saw a decrease of 6.00% in the past week, with a monthly decline of -4.86% and a quarterly a decrease of 2.68%. The volatility ratio for the week is 3.27%, and the volatility levels for the last 30 days are 3.11% for Texas Instruments Inc. (TXN). The simple moving average for the past 20 days is -2.62% for TXN’s stock, with a 10.24% simple moving average for the past 200 days.
Analysts’ Opinion of TXN
Many brokerage firms have already submitted their reports for TXN stocks, with Wells Fargo repeating the rating for TXN by listing it as a “Underweight.” The predicted price for TXN in the upcoming period, according to Wells Fargo is $150 based on the research report published on May 16, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see TXN reach a price target of $175, previously predicting the price at $200. The rating they have provided for TXN stocks is “Hold” according to the report published on May 13th, 2024.
TD Cowen gave a rating of “Hold” to TXN, setting the target price at $175 in the report published on April 24th of the current year.
TXN Trading at -2.42% 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 -8.91% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares sank -4.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.85% lower at present.
During the last 5 trading sessions, TXN rose by +6.00%, which changed the moving average for the period of 200-days by +30.72% in comparison to the 20-day moving average, which settled at $196.73. In addition, Texas Instruments Inc. saw 12.67% 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 TEMPLETON RICHARD K, who sale 100,440 shares at the price of $178.47 back on May 03 ’24. After this action, TEMPLETON RICHARD K now owns 403,851 shares of Texas Instruments Inc., valued at $17,925,682 using the latest closing price.
TEMPLETON RICHARD K, the Chairman of Texas Instruments Inc., sale 104,000 shares at $175.44 during a trade that took place back on May 02 ’24, which means that TEMPLETON RICHARD K is holding 403,851 shares at $18,246,007 based on the most recent closing price.
Stock Fundamentals for TXN
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.59 for the gross margin
The net margin for Texas Instruments Inc. stands at 0.33. The total capital return value is set at 0.19. Equity return is now at value 31.88, with 16.02 for asset returns.
Based on Texas Instruments Inc. (TXN), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 13.17.
Currently, EBITDA for the company is 9.01 billion with net debt to EBITDA at 1.49. When we switch over and look at the enterprise to sales, we see a ratio of 11.59. The receivables turnover for the company is 9.41for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.62.
Conclusion
In a nutshell, Texas Instruments Inc. (TXN) has experienced a better performance in recent times. The stock has received mixed “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.
