Texas Instruments Incorporated (TXN) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Texas Instruments Incorporated (TXN), headquartered in Dallas, Texas, has established itself as a leader in the technology sector, specifically within the semiconductors industry. Founded in 1930, the company excels in designing, manufacturing, and selling semiconductor products to electronics designers and manufacturers worldwide. Texas Instruments operates through two core segments: Analog, which provides various power management and signal chain solutions, and Embedded Processing, focusing on microcontrollers, digital signal processors, and application-specific products for diverse markets, including industrial and automotive applications. With strong fundamentals and a significant market presence, TXN is recognized for its innovative contributions to the semiconductor field.
Market Performance and Analyst Recommendations
The semiconductor industry is currently thriving, generating impressive revenue, with Texas Instruments reporting approximately $16.09 billion in total revenue. However, amid fluctuating market conditions and ongoing industry developments, the recommendation for investing in TXN is to “hold,” indicating a cautious approach. Analysts have set the target high price for the stock at $268.00, recognizing potential growth opportunities, while suggesting that investors should monitor market conditions closely. As of now, TXN’s shares are trading at $203.30, slightly above its fifty-day average of $200.53, reflecting a potential bullish trend in the short term.
Analysts have provided a range of target prices with a high of $268.00 and a low of $115.00, positioned against a target mean price of $207.47. The median target sits at $200.00, suggesting that the stock could experience upward movement, albeit at a controlled pace. With 25 analysts contributing to the evaluation, TXN holds a mean recommendation rating of 2.8, aligning closely with the “hold” status, reflecting a consensus to maintain current positions without engaging in aggressive trading strategies.
Stock Volatility and Investor Sentiment
Texas Instruments has a total of 913,046,016 outstanding shares, with a modest short interest of 21,362,313 shares, indicating that only 0.0234% of the company’s float is being shorted. This low short interest suggests a generally positive investor sentiment regarding the stock’s future performance. Over the past year, TXN has seen significant volatility, trading between a one-year high of $214.66 and a low of $139.48. Currently, the stock is positioned near its fifty-two week high, hinting at strong demand and potential upward momentum.
In summary, Texas Instruments Incorporated remains a stable contender in the semiconductors market with considerable growth opportunities ahead. Investors should consider the cautious “hold” recommendation while keeping an eye on industry developments that may influence the stock’s trajectory in the coming months.
| Metric | Value |
|---|---|
| Market Cap | $185.6b |
| Total Debt | $13.9b |
| Total Cash | $9.7b |
| Shares Outstanding | 913.0m |
| Float Shares | 910.9m |
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