Price Action Report: What’s Texas Instruments Incorporated Upside After Today’s Big Increase?

Price Action Report: What's Texas Instruments Incorporated Upside After Today's Big Increase?

The stock of Texas Instruments Incorporated (NASDAQ:TXN) is a huge mover today! About 1.19 million shares traded hands. Texas Instruments Incorporated (NASDAQ:TXN) has risen 19.58% since April 11, 2016 and is uptrending. It has outperformed by 13.43% the S&P500.
The move comes after 9 months positive chart setup for the $68.75B company. It was reported on Nov, 11 by Barchart.com. We have $111.09 PT which if reached, will make NASDAQ:TXN worth $41.25B more.

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 42 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Thursday, October 22 the stock rating was downgraded by B. Riley & Co to “Neutral”. Raymond James downgraded the stock to “Outperform” rating in Tuesday, April 19 report. The stock of Texas Instruments Incorporated (NASDAQ:TXN) earned “Neutral” rating by M Partners on Thursday, January 28. The firm has “Neutral” rating given on Tuesday, January 19 by Mizuho. The rating was upgraded by Charter Equity on Thursday, October 22 to “Buy”. The rating was upgraded by Bernstein to “Outperform” on Tuesday, September 13. The firm earned “Buy” rating on Tuesday, July 26 by Bank of America. Ascendiant Capital Markets maintained Texas Instruments Incorporated (NASDAQ:TXN) on Thursday, July 23 with “Buy” rating. On Thursday, July 23 the stock rating was maintained by Cowen & Co with “Market Perform”. The rating was maintained by Mizuho on Thursday, October 27 with “Neutral”.

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 is negative, 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.
State Of Wisconsin Board, a Wisconsin-based fund reported 1.33M shares. Gamco Incorporated Et Al has 270,159 shares for 0.11% of their US portfolio. Grandfield & Dodd Ltd Llc accumulated 0.07% or 7,466 shares. Harris L P reported 8.11M shares or 1.02% of all its holdings. Central Savings Bank & Tru holds 4,892 shares or 0.09% of its portfolio. Geode Capital Mgmt reported 9.10 million shares or 0.31% of all its holdings. The Virginia-based Wilbanks Smith Thomas Asset Management has invested 0.51% in Texas Instruments Incorporated (NASDAQ:TXN). Mercer Capital Advisers holds 500 shares or 0.03% of its portfolio. Nuveen Asset Mgmt Ltd Liability holds 0.03% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 88,618 shares. Tocqueville Asset Mgmt L P has 9,004 shares for 0.01% of their US portfolio. The -based Farr Miller & Washington Ltd Liability Corporation Dc has invested 0.05% in Texas Instruments Incorporated (NASDAQ:TXN). D E Shaw holds 486,913 shares or 0.06% of its portfolio. Utd Services Automobile Association accumulated 2.33 million shares or 0.52% of the stock. Pictet Asset Management Ltd holds 0.21% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 885,886 shares. Moreover, Garrison Fincl has 2.63% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 62,717 shares.

Insider Transactions: Since May 16, 2016, the stock had 0 insider purchases, and 12 selling transactions for $76.90 million net activity. $3.50 million worth of shares were sold by DELAGI R GREGORY on Friday, July 29. WEST TERESA L also sold $13.79M worth of Texas Instruments Incorporated (NASDAQ:TXN) shares. 20,506 shares were sold by TROCHU CYNTHIA HOFF, worth $1.45M. 34,126 shares were sold by CRUTCHER BRIAN T, worth $1.95 million. Another trade for 61,499 shares valued at $4.36 million was sold by RITCHIE KEVIN J. MARCH KEVIN P sold $15.17 million worth of stock. The insider ANDERSON STEPHEN A. sold 103,125 shares worth $7.23 million.

More notable recent Texas Instruments Incorporated (NASDAQ:TXN) news were published by: Profitconfidential.com which released: “Texas Instruments Stock: Price Support for TXN Stock Is Found Here” on November 07, 2016, also Nasdaq.com with their article: “Texas Instruments Incorporated (TXN) Ex-Dividend Date Scheduled for November …” published on November 02, 2016, Schaeffersresearch.com published: “Option Bulls Should Keep an Eye On Texas Instruments Incorporated (TXN)” on November 08, 2016. More interesting news about Texas Instruments Incorporated (NASDAQ:TXN) were released by: Etfdailynews.com and their article: “Texas Instruments Boosts Dividend 32% as Q3 Results Top Expectations” published on October 26, 2016 as well as Etfdailynews.com‘s news article titled: “Is Texas Instruments The Perfect Dividend Growth Play?” with publication date: October 25, 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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