Texas Instruments Inc. (NASDAQ:TXN) saw a downside of -1.83% to close Tuesday at $157.96 after subtracting -$2.94 on the day. The 5-day average trading volume is 4,103,260 shares of the company’s common stock. It has gained $164.58 in the past week and touched a new high 1 time within the past 5 days. An average of 4,257,155 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,044,010.
TXN’s 1-month performance is -5.87% or -$9.85 on its low of $157.37 reached on 09/26/23. The company’s shares have touched a 52-week low of $145.97 and high of $188.12, with the stock’s rally to the 52-week high happening on 07/25/23. YTD, TXN has lost -4.39% or -$7.26 and has reached a new high 10 times. However, the current price is down -16.03% from the 52-week high price.
Insider Transactions
TXN stock investors last saw insider trading activity on Jul 31.COX CARRIE SMITH (Director) most recently sold 16,055 shares at $180.04 per share on Jul 31. This transaction cost the insider $2,890,542. Director, PATSLEY PAMELA H, sold 10,539 shares at a price of $179.34 on Jul 27. Then, on Feb 13, Sr. Vice President BAHAI AHMAD sold 1,200 shares at a price of $176.67 per share. This transaction amounted to $212,003.
Valuation Metrics
TXN stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.62 while the price-to-book (PB) in the most recent quarter is 9.00, with the price to cash flow ratio at 45.07.
Texas Instruments Inc.’s quick ratio for the period ended June 29 was 4.35, with the current ratio over the same period at 5.72. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.69, while the total debt to equity was 0.70.. In terms of profitability, the gross margin trailing 12 months is 66.29%. The trailing 12-month EBITDA margin is 56.80% while for the period ending June 29, Texas Instruments Inc.’s operating margin was 47.21%. The firm’s gross profit as reported stood at $13.77 billion against revenue of $20.03 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -33.04% to $1.72 billion, while revenue of $1.71 billion was 0.81% off the previous quarter. Analysts expected TXN to announce $1.76 per share in earnings in its latest quarter, but it posted $1.87, representing a 6.30% surprise. EBITDA for the quarter stood at more than $2.27 billion. TXN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.0 billion, with total debt at $11.22 billion. Shareholders hold equity totaling $907.97 million.
Let’s look briefly at Texas Instruments Inc. (TXN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 26.58% to suggest the stock is trending oversold, with historical volatility in this time period at 15.24%.
The stock’s 5-day moving average is $160.33, reflecting a -3.18% or -$5.18 change from its current price. TXN is currently trading -6.37% above its 20-day SMA, -3.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.87% and SMA200 by-9.09%.
Stochastic %K and %D was 7.57% and 5.79% and the average true range (ATR) pointed at 2.77. The RSI (14) points at 32.17%, while the 14-day stochastic is at 6.33% with the period’s ATR at 2.95. The stock’s 9-day MACD Oscillator is pointing at -2.09 and -3.09 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Texas Instruments Inc. (NASDAQ: TXN), Bernstein downgraded it to an Underperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for TXN stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate TXN as a “sell,”, while 18 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is TXN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $130.00 and a high of $230.00, with their median price target at $187.50. Looking at these predictions, the average price target given by analysts is for Texas Instruments Inc. (TXN) stock is $186.67.
