Texas Instruments Inc. (NASDAQ:TXN) shares, rose in value, with the stock price down by -1.22% to the previous day’s close as strong demand from buyers drove the stock to $202.47.
Actively observing the price movement in the last trading, the stock closed the session at $204.97, falling within a range of $200.97 and $203.355. The value of beta (5-year monthly) was 0.973 whereas the PE ratio was 35.12 over 12-month period. Referring to stock’s 52-week performance, its high was $214.66, and the low was $139.48. On the whole, TXN has fluctuated by 0.03% over the past month.
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With the market capitalization of Texas Instruments Inc. currently standing at about $184.87 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 2.57%.
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 50% 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 PEG ratio is about 5.00, with the price of TXN currently trading nearly -0.52% and 0.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.03, while the 7-day volatility ratio is showing 1.87% which for the 30-day chart, stands at 2.05%. Furthermore, Texas Instruments Inc. (TXN)’s beta value is 0.98, and its average true range (ATR) is 4.77.
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 -1.22% in last session, and over the past year, it grew by 28.42%%.
Data on historical trading for Texas Instruments Inc. (NASDAQ:TXN) indicates that the trading volumes over the past 10 days have averaged 4.51 and over the past 3 months, they’ve averaged 5.54 million. According to company’s latest data on outstanding shares, there are 913.05 million shares outstanding.
Nearly 0.16% of Texas Instruments Inc.’s shares belong to company insiders and institutional investors own 89.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.27 million shares as on 2024-09-30, resulting in a short ratio of 3.54. According to the data, the short interest in Texas Instruments Inc. (TXN) stood at 211.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 21.36 million. The stock has risen by 18.78% 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.
