Price Action To Observe: Could Texas Instruments Incorporated Crash Even More? The Stock Had Another Big Decline Today

Price Action To Observe: Could Texas Instruments Incorporated Crash Even More? The Stock Had Another Big Decline Today

The stock of Texas Instruments Incorporated (NASDAQ:TXN) is a huge mover today! About 751,589 shares traded hands. Texas Instruments Incorporated (NASDAQ:TXN) has risen 23.37% since March 10, 2016 and is uptrending. It has outperformed by 15.85% the S&P500.
The move comes after 7 months negative chart setup for the $67.40 billion company. It was reported on Oct, 13 by Barchart.com. We have $61.41 PT which if reached, will make NASDAQ:TXN worth $6.07B less.

Analysts await Texas Instruments Incorporated (NASDAQ:TXN) to report earnings on October, 19. They expect $0.86 earnings per share, up 13.16% or $0.10 from last year’s $0.76 per share. TXN’s profit will be $858.98 million for 19.62 P/E if the $0.86 EPS becomes a reality. After $0.76 actual earnings per share reported by Texas Instruments Incorporated for the previous quarter, Wall Street now forecasts 13.16% EPS growth.

Texas Instruments Incorporated (NASDAQ:TXN) Ratings Coverage

Out of 22 analysts covering Texas Instruments (NASDAQ:TXN), 11 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 50% are positive. Texas Instruments has been the topic of 40 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Texas Instruments Incorporated (NASDAQ:TXN) earned “Neutral” rating by Robert W. Baird on Thursday, October 22. The firm has “Outperform” rating by Raymond James given on Tuesday, April 19. The firm has “Underperform” rating by CLSA given on Tuesday, May 17. Goldman Sachs downgraded the shares of TXN in a report on Wednesday, February 3 to “Sell” rating. The company was initiated on Wednesday, September 9 by Sterne Agee CRT. The stock has “Underperform” rating given by CLSA on Tuesday, July 26. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, January 12. The firm earned “Buy” rating on Tuesday, July 26 by Bank of America. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, April 28. M Partners maintained the stock with “Neutral” rating in Thursday, January 28 report.

According to Zacks Investment Research, “Texas Instruments, Inc. is a global semiconductor company and one of the world’s leading designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. These two types of semiconductor products work together in digital electronic devices such as digital cellular phones. Other semiconductor products include standard logic, application- specific integrated circuits, reduced instruction-set computing microprocessors, microcontrollers and digital imaging devices.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.01, from 1 in 2016Q1. The ratio dived, as 60 funds sold all Texas Instruments Incorporated shares owned while 299 reduced positions. 57 funds bought stakes while 298 increased positions. They now own 856.58 million shares or 0.73% less from 862.92 million shares in 2016Q1.
Alexandria Limited Liability Corp holds 513 shares or 0.01% of its portfolio. Moreover, Hartford Invest Management has 0.33% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 252,634 shares. Farmers Merchants Investments has invested 0.75% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). State Of Alaska Department Of Revenue accumulated 0.52% or 79,750 shares. First Natl Bank Of Omaha holds 0.73% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 157,204 shares. Geode Capital Management Lc last reported 0.31% of its portfolio in the stock. Contravisory Investment accumulated 0% or 39 shares. Mercer Advisers accumulated 0.03% or 500 shares. Harris Assoc Ltd Partnership, a Illinois-based fund reported 8.11 million shares. Chase Invest Counsel Corp accumulated 0.15% or 5,540 shares. Zevin Asset Mgmt has invested 0.07% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Bank Of Hawaii has invested 0.22% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Davenport Com Ltd Liability holds 0% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 5,855 shares. Roundview Capital Lc accumulated 3,738 shares or 0.09% of the stock. C M Bidwell And Assocs Limited has 1.02% invested in the company for 65,320 shares.

Insider Transactions: Since April 29, 2016, the stock had 0 buys, and 17 selling transactions for $146.77 million net activity. XIE BING sold $3.97 million worth of stock or 56,250 shares. 7,000 shares were sold by WHITMAN CHRISTINE TODD, worth $404,188. WEST TERESA L sold $13.79 million worth of stock or 195,000 shares. TEMPLETON RICHARD K had sold 934,461 shares worth $53.61M. MARCH KEVIN P also sold $15.17 million worth of Texas Instruments Incorporated (NASDAQ:TXN) shares. On Friday, July 29 DELAGI R GREGORY sold $3.50M worth of the stock or 50,000 shares. RITCHIE KEVIN J sold 61,499 shares worth $4.36 million.

Another recent and important Texas Instruments Incorporated (NASDAQ:TXN) news was published by Profitconfidential.com which published an article titled: “Texas Instruments Incorporated: New Highs for TXN Stock if it Does This” on September 27, 2016.

TXN Company Profile

Texas Instruments Incorporated, incorporated on December 23, 1938, designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Firm operates through two divisions: Analog and Embedded Processing. The Firm has design, manufacturing or sales activities in over 30 countries.

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