Texas Instruments Inc. (NASDAQ:TXN) shares, rose in value, with the stock price down by -0.61% to the previous day’s close as strong demand from buyers drove the stock to $167.50.
Actively observing the price movement in the last trading, the stock closed the session at $168.53. The value of beta (5-year monthly) was 1.03 whereas the PE ratio was 23.69 over 12-month period. Referring to stock’s 52-week performance, its high was $188.12, and the low was $139.48. On the whole, TXN has fluctuated by -2.54% over the past month.
With the market capitalization of Texas Instruments Inc. currently standing at about $152.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 5.08, with its dividend yield at 3.03%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.07, which is expected to increase to $1.29 for fiscal year $5.07 and then to about $6.51 by fiscal year 2025. Data indicates that the EPS growth is expected to be -28.30% in 2025, while the next year’s EPS growth is forecast to be 28.40%.
Analysts have estimated the company’s revenue for the quarter at $3.61 billion, with a low estimate of $3.6 billion and a high estimate of $3.71 billion. According to the average forecast, sales growth in current quarter could jump down -9.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $15.59 billion, representing a decrease of -11.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.37, with the price of TXN currently trading nearly -2.39% and 0.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.48, while the 7-day volatility ratio is showing 1.87% which for the 30-day chart, stands at 2.01%. Furthermore, Texas Instruments Inc. (TXN)’s beta value is 1.02, and its average true range (ATR) is 3.52.
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 -0.61% in last session, and over the past year, it shrunk by -7.15%%.
Data on historical trading for Texas Instruments Inc. (NASDAQ:TXN) indicates that the trading volumes over the past 10 days have averaged 4.28 million and over the past 3 months, they’ve averaged 5.58 million. According to company’s latest data on outstanding shares, there are 909.00 million shares outstanding.
Nearly 0.16% of Texas Instruments Inc.’s shares belong to company insiders and institutional investors own 87.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.87 million shares as on Mar 15, 2024, resulting in a short ratio of 3.21. According to the data, the short interest in Texas Instruments Inc. (TXN) stood at 1.96% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 14.72 million. The stock has fallen by -1.74% 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.
