Texas Instruments Inc. (NASDAQ:TXN) shares, rose in value on Friday, August 30, with the stock price up by 1.11% to the previous day’s close as strong demand from buyers drove the stock to $213.44.
Actively observing the price movement in the recent trading, the stock is buoying the session at $211.09, falling within a range of $212.2825 and $214.4. The value of beta (5-year monthly) is 0.973 whereas the PE ratio is 37.02 over 12-month period. Referring to stock’s 52-week performance, its high was $214.41, and the low was $139.48. On the whole, TXN has fluctuated by 10.40% over the past month.
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With the market capitalization of Texas Instruments Inc. currently standing at about $194.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-22. The company’s Forward Dividend Ratio is 5.20, with its dividend yield at 2.44%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.73B, with a low estimate of 4.07B and a high estimate of 4.2B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.12B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TXN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TXN currently trading nearly 7.38% and 7.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.69, while the 7-day volatility ratio is showing 1.96% which for the 30-day chart, stands at 2.84%. Furthermore, Texas Instruments Inc. (TXN)’s beta value is 0.98, and its average true range (ATR) is 5.52.
A comparison of Texas Instruments Inc. (TXN) with its peers suggests the former has fared considerably weaker in the market. TXN showed an intraday change of 1.11% in today’s session so far, and over the past year, it grew by 26.13%%.
Data on historical trading for Texas Instruments Inc. (NASDAQ:TXN) indicates that the trading volumes over the past 10 days have averaged 5.6 and over the past 3 months, they’ve averaged 5.31 million. According to company’s latest data on outstanding shares, there are 913.05 million shares outstanding.
Nearly 0.15% of Texas Instruments Inc.’s shares belong to company insiders and institutional investors own 89.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.66 million shares as on 2024-08-15, resulting in a short ratio of 3.13. According to the data, the short interest in Texas Instruments Inc. (TXN) stood at 205.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 19.71 million. The stock has risen by 25.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TXN stock heading into the next quarter.
