The stock is lingering around the initial support level of $116.55. After this, the following support is at the zone of $115.35. Up until the time the TXN stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 42.42 on the daily chart, and this may be a cause for concern. In case the price goes below $115.35 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $118.46 level may cause a pull-back move approaching $119.17 mark.
Texas Instruments Incorporated (TXN) is most likely going to rise 7.07 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $150-month high price target. This represents a whopping 27.39 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $123, which means a return possibility of 4.46 percent in comparison with the closing price of the stock of $117.75 on December 03. The lowest price set for the stock is $105 — just above -10.83 percent from TXN share price now.
Let’s take a glimpse at some insider activity at Texas Instruments Incorporated (NASDAQ:TXN) and observe the pattern. The earliest insider trade happened on 11/15/2019. BAHAI AHMAD parted with a total of 1.55 thousand shares of the firm at average share price of $117.99. The total amount for the sale was set at $182.88 thousand. On completing this exchange, the Sr. Vice President account balance was 25.35 thousand shares. The stock grew 0.68 percent from that insider sale. On 11/08/2019, Kozanian Hagop H, Sr. Vice President, did a sale of 5.38 thousand shares at a price of $119.51 per share. This got rid of 643.32 thousand shares from the insider’s fortune and the stock experienced a -0.6 percent retreat in price since the news became public. This exchange saw 36.46 thousand shares get out from the Sr. Vice President account. On 08/02/2019, Sr. Vice President DELAGI R GREGORY recorded a sale transaction valued at $24.86 million. The sale at $125.19 a share has eliminated 198.61 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -5.11 percent decrease since the transaction reporting date. The company insider is left with 105.97 thousand shares remaining in the account. TROCHU CYNTHIA HOFF, who works as SVP, Secretary & Gen Counsel at the company, performed a sale of 6.19 thousand shares in a transaction worth $793.04 thousand. The disposal recorded on 07/31/2019 was priced at $128.22 per share. The stock price plunged -7.35 percent since the transaction. TROCHU CYNTHIA HOFF currently holds a stake of 56.23 thousand in TXN stock which is worth $6.62 million after the insider selling.
On December 03, 2019, Texas Instruments Incorporated (NASDAQ:TXN) shares lost -0.88% or -1.04 points to close at $117.75 with a heavy trading volume of 5.307 million shares. It opened the trading session at $117.15, the shares rose to $117.97 and dropped to $116.06, the range by which the price of stock traded the whole day. The company now has a market cap of $111 billion and currently has 946.6 million outstanding shares. Texas Instruments Incorporated (TXN) stock has plunged -0.25 percent of market value in 21 trading days.
Stock analysts at Oppenheimer lifted target price for Texas Instruments Incorporated (NASDAQ:TXN) shares but reaffirmed their Outperform recommendation for the stock in their opinion released on October 23. The price target has been increased from $140 to $120. BofA/Merrill analysts again handed out a Buy rating to TXN shares but they lifted target price for the firm in a flash note to investors on October 23. The price target has been raised from $150 to the new $140. BofA/Merrill, analysts launched coverage of TXN shares with a Buy recommendation, according to their flash note to investors on October 23. Analysts at BofA/Merrill issued an upgrade for the stock to Buy from previous rating of Neutral, in a research note that dated back to September 27.
TXN stock’s trailing 3-year beta is 1.2, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $5.39 share in the trailing 52 weeks. The stock’s value surged 24.6 percent year to date (YTD) compared to a rise of 17.93 percent in 52 week’s period. The firm’s shares are still trading -10.93 percent below its 1-year high of $132.20 and 34.26 percent up from 52-week low of $87.70. The average consensus ranking on the company is 2.5, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Texas Instruments Incorporated (TXN) shares are trading at a P/E ratio of 21.8 times earnings posted in the trailing 12 months. The industry TXN deals with has an average P/E of 23.2. Its P/B ratio is standing at 12.3X compared to the 4.5 industry average. It is additionally sporting a 7.6 on the Price-to-Sales ratio, compared to the industry’s P/S average of 4.6. Texas Instruments Incorporated has a 64.2% gross profit margin, with its operating margin around 40.6%. Alongside this, the company’s net profit margin currently stands at 34.9%.
Past records have indicated that shares in Texas Instruments Incorporated declined on 23 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of TXN’s Q4 earnings on January 23. Analysts are predicting revenue to suffer decline of -13.5 percent to $3.21B in the financial fourth quarter, while EPS will soar by about -20.47 percent to $1.01 per share. In the last quarter, it earnings of $1.475 per share came better than the $1.26316, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $3.77B, missing the $3.82B analysts had expected. Earnings are seen to rise by 51.4 percent this year, -2.38 percent in the coming year and the trend continues by 10 percent every year in the next 5 years.