Texas Instruments Inc. (NASDAQ:TXN) price closed higher on Tuesday, April 16, jumping 0.75% above its previous close.
A look at the daily price movement shows that the last close reads $166.35. The company’s 5Y monthly beta was ticking 1.02 while its P/E ratio in the trailing 12-month period read 23.70. Taking into account the 52-week price action we note that the stock hit a 52-week high of $188.12 and 52-week low of $139.48. The stock subtracted -2.86% on its value in the past month.
Texas Instruments Inc., which has a market valuation of $152.39 billion, is expected to release its quarterly earnings report Apr 23, 2024. The company stock has a Forward Dividend ratio of 5.08, while the dividend yield is 3.03%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TXN a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.37. The overview shows that TXN’s price is at present -1.49% off the SMA20 and 0.09% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.87, with weekly volatility standing at 1.87%. The indicator jumps to 1.92% when calculated based on the past 30 days. Texas Instruments Inc. (NASDAQ:TXN)’s beta value is holding at 1.02, while the average true range (ATR) indicator is currently reading 3.70.
An analysis of the Texas Instruments Inc. (NASDAQ:TXN) stock in terms of its daily trading volume indicates that the 3-month average is 5.58 million.
Current records show that the company has 909.00M in outstanding shares. The insiders’ percentage holdings are 0.16% of outstanding shares while the percentage share held by institutions stands at 87.79%. But the -1.68% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
