Texas Instruments Inc. (NASDAQ:TXN) shares, rose in value, with the stock price up by 0.25% to the previous day’s close as strong demand from buyers drove the stock to $175.25.
Actively observing the price movement in the last trading, the stock closed the session at $174.81. The PE ratio was 27.31 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 4.37% over the past month.
The company’s Forward Dividend Ratio is 5.08, with its dividend yield at 2.90%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.66B, with a low estimate of 3.36B and a high estimate of 3.72B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.56B.
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 PEG ratio is about 2.73, with the price of TXN currently trading nearly 3.91% and 4.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.49, while the 7-day volatility ratio is showing 2.96% which for the 30-day chart, stands at 2.15%. Furthermore, Texas Instruments Inc. (TXN)’s beta value is 1.01, and its average true range (ATR) is 4.65.
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 0.25% in last session, and over the past year, it grew by 3.46%%.
Data on historical trading for Texas Instruments Inc. (NASDAQ:TXN) indicates that the trading volumes over the past 3 months, they’ve averaged 5.40 million. According to company’s latest data on outstanding shares, there are 909.00 million shares outstanding.
Nearly 0.23% of Texas Instruments Inc.’s shares belong to company insiders and institutional investors own 87.46% of the company’s shares. The stock has risen by 2.81% 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.
