The stock of Texas Instruments Incorporated (NASDAQ:TXN) hit a new 52-week high and has $116.13 target or 58.00% above today’s $73.50 share price. The 8 months bullish chart indicates low risk for the $74.91 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $116.13 price target is reached, the company will be worth $43.45 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.40M shares traded hands. Texas Instruments Incorporated (NASDAQ:TXN) has risen 24.27% since April 19, 2016 and is uptrending. It has outperformed by 20.41% the S&P500.
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. The stock of Texas Instruments Incorporated (NASDAQ:TXN) has “Market Perform” rating given on Thursday, April 28 by Cowen & Co. The stock of Texas Instruments Incorporated (NASDAQ:TXN) has “Outperform” rating given on Friday, July 1 by RBC Capital Markets. The firm earned “Market Perform” rating on Thursday, January 28 by Cowen & Co. The stock of Texas Instruments Incorporated (NASDAQ:TXN) earned “Outperform” rating by RBC Capital Markets on Friday, October 2. Mizuho maintained the stock with “Neutral” rating in Tuesday, January 19 report. On Tuesday, December 15 the stock rating was upgraded by Oppenheimer to “Outperform”. The rating was upgraded by Bernstein to “Outperform” on Tuesday, September 13. As per Thursday, October 22, the company rating was downgraded by Robert W. Baird. The rating was maintained by UBS on Thursday, October 22 with “Buy”. The company was upgraded on Tuesday, July 26 by Bank of America.
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 0.94 in 2016 Q2. Its down 0.05, from 0.99 in 2016Q1. The ratio worsened, 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.
Moreover, Zevin Asset Mngmt Lc has 0.07% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 3,804 shares. American Natl Ins Co Tx has invested 0.39% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Schroder Mgmt Group holds 0.19% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 1.53 million shares. Voya Management Lc has 526,025 shares for 0.08% of their US portfolio. Gulf Financial Bank (Uk) Limited reported 303,658 shares or 0.32% of all its holdings. Argyle Incorporated has 0.16% invested in the company for 6,000 shares. Mark Sheptoff Fincl Planning Limited Liability Company last reported 283 shares in the company. Valley National Advisers holds 0.02% or 570 shares in its portfolio. The Korea-based Pension Serv has invested 0.35% in Texas Instruments Incorporated (NASDAQ:TXN). Regentatlantic Cap Limited Liability Company accumulated 0.25% or 40,989 shares. Aviva Public Lc has invested 0.45% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Somerset Group Inc Llc has 0.66% invested in the company for 10,000 shares. Ww Invsts reported 65.45 million shares or 1.11% of all its holdings. Thompson Davis Incorporated, a Virginia-based fund reported 1,139 shares. Ny State Common Retirement Fund last reported 3.09M shares in the company.
Insider Transactions: Since July 27, 2016, the stock had 0 insider buys, and 12 selling transactions for $76.01 million net activity. 50,000 shares with value of $3.50 million were sold by DELAGI R GREGORY on Friday, July 29. XIE BING sold $589,850 worth of Texas Instruments Incorporated (NASDAQ:TXN) on Friday, July 29. Another trade for 20,506 shares valued at $1.45 million was made by TROCHU CYNTHIA HOFF on Wednesday, July 27. ANDERSON STEPHEN A. sold $7.23 million worth of stock or 103,125 shares. Whitaker Darla H sold 160,403 shares worth $11.39 million. CRUTCHER BRIAN T also sold $1.06M worth of Texas Instruments Incorporated (NASDAQ:TXN) on Tuesday, November 15. MARCH KEVIN P also sold $15.17 million worth of Texas Instruments Incorporated (NASDAQ:TXN) shares.
More important recent Texas Instruments Incorporated (NASDAQ:TXN) news were published by: Nasdaq.com which released: “Texas Instruments Incorporated (TXN) Ex-Dividend Date Scheduled for November …” on November 02, 2016, also Profitconfidential.com published article titled: “Texas Instruments Stock: Price Support for TXN Stock Is Found Here”, Etfdailynews.com published: “Texas Instruments Boosts Dividend 32% as Q3 Results Top Expectations” on October 26, 2016. More interesting news about Texas Instruments Incorporated (NASDAQ:TXN) was released by: Etfdailynews.com and their article: “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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