Texas Instruments Inc. (NASDAQ: TXN) Is Up 17.09% Year-To-Date, But There Is Speculation That It Will Rally

Texas Instruments Inc. (NASDAQ:TXN) traded at $199.59 at last check on Wednesday, July 24, made an upward move of 0.66% on its previous day’s price.

Looking at the stock we see that its previous close was $198.29 . The company has a trailing 12-month PE ratio of 31.11. In terms of its 52-week price range, TXN has a high of $210.84 and a low of $139.48. The company’s stock has gained about 2.93% over that past 30 days.

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Texas Instruments Inc. has a market cap of $181.72 billion. With its Forward Dividend at 5.14 and a yield of 2.58%, the company’s investors could be anxious for the TXN stock to gain ahead of the earnings release.

Based on estimates by 16 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Texas Instruments Inc. (TXN) stock as a Hold, while 8 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -0.08% off its SMA20 and 1.20% from its 50-day simple moving average. The RSI (14) is pointing at 50.46 while the volatility over the past week is 2.84% and jumps to 1.90% over the past one month. The beta value is 0.97, while the average true range (ATR) is currently pointing at 4.89. The average price target for the stock over the next 12 months is $190, with the estimates having a low of $145 and a high of $250. These price ends are 27.35% and -25.26% off the today’s price level respectively, although investors could be excited at the prospect of a 4.8% if the TXN share price touches on the median price of $190.

Coming back to Texas Instruments Inc. (NASDAQ:TXN), we note that the average 3-month trading volume was 5.29 million, while that of the preceding 10-day period stands at 5.03 million. Current shares outstanding are 910.48 million.

The insiders hold 0.15% of the company’s shares while institutions hold 88.45%. The data shows that short shares as of 2024-06-28, stood at 19.67 million at a short ratio of 3.73. This represents a 2.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.162.16 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 19.67 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 17.09% up in year-to-date price movement.

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