Texas Instruments Incorporated (TXN) : Traders are bullish on Texas Instruments Incorporated (TXN) as it has outperformed the S&P 500 by a wide margin of 0.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.48%, relative to the S&P 500. The stock has risen by 4.03% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.3% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.13% and the 50-Day Moving Average is 1.72%.The 200 Day SMA reached 17.65% Texas Instruments Inc. is up 13.16% in the last 3-month period. Year-to-Date the stock performance stands at 29%.
Texas Instruments Incorporated (TXN) stock is expected to deviate a maximum of $9.82 from the average target price of $69.8 for the short term period. 20 Street Experts have initiated coverage on the stock with the most promising target being $82 and the most muted being $40.
Company shares have received an average consensus rating of Hold for the current week Texas Instruments Incorporated (NASDAQ:TXN): The stock opened at $69.97 and touched an intraday high of $69.97 on Friday. During the day, the stock corrected to an intraday low of $68.4799, however, the bulls stepped in and pushed the price higher to close in the green at $69.36 with a gain of 0.20% for the day. The total traded volume for the day was 6,506,189. The stock had closed at $69.36 in the previous trading session.
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. The Companys Analog segment includes the following product lines: High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog. The Companys Embedded Processing segment includes the following product lines: Processor, Microcontrollers and Connectivity. The Company is also engaged in smaller product lines, such as DLP products, certain custom semiconductors known as application-specific integrated circuits, calculators, baseband products, and applications processors and connectivity products. The revenues from these smaller businesses are included under the Other segment. The Company has design, manufacturing or sales operations in 35 countries.