The Vanguard Group, Inc. has recently announced that it has increased stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.27%. After grabbing 83.35 million shares, the institutional investor is now in possession of 0.23 million shares of the Technology Company. The new investment brought the stake of investor firm to 9.18% having worth around $13.39 billion. Moreover, SSgA Funds Management, Inc. increased its share by 0.1 million to have a control over 37.64 million shares. And Geode Capital Management LLC raised its holdings to 0.24 million shares by acquiring 19.56 million shares or 2.15% of the stake.
Texas Instruments Incorporated (TXN) concluded trading on 11/30/22 at a closing price of $180.46, with 9.65 million shares of worth about $1.74 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.46% during that period and on Wednesday the price saw a gain of about 4.32%. Currently the company’s common shares owned by public are about 913.00M shares, out of which, 905.72M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 31 analysts are covering the TXN stock and their offered price forecasts bring an average price target of $172.48. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $230.00 and could fall to a lowest price of $140.00. The stock’s current price level is -5.0% below of average price target set by the analysts, while a dip to estimated low would result in loss of -28.9% for the stock. However, touching the estimated high of $230.00 would mean a gain of 21.54% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 65 times over the past 12 months. They bought 268,011 shares in 33 of the transactions. In 32 selling transactions, insiders dumped 200,692 shares.
Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Invesco QQQ Trust are the top 3 mutual funds which are holding stakes in Texas Instruments Incorporated Vanguard Total Stock Market Index is currently holding 27.42 million shares of worth totaling $4.4 billion. The company recently came buying 0.13 million shares which brought its stake up to 3.02% of the company’s outstanding shares. Vanguard 500 Index Fund bought 0.2 million shares, after which its hold over company’s outstanding shares expand to 2.30%, leaving 20.91 million shares with the mutual fund that have a worth of about $3.36 billion. Invesco QQQ Trust, after selling 13.23 million shares, have now control over 1.46% of the stake in the company. It holds 12130.0 shares of worth $2.13 billion.
Texas Instruments Incorporated (NASDAQ: TXN) started trading at $173.37, above $0.39 from concluding price of the previous day. However, the stock later moved at a day high price of 180.51, or with a gain of 4.32%. Stock saw a price change of 1.83% in past 5 days and over the past one month there was a price change of 12.35%. Year-to-date (YTD), TXN shares are showing a performance of -4.25% which decreased to -6.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $144.46 but also hit the highest price of $199.90 during that period. The average intraday trading volume for Texas Instruments Incorporated shares is 6.09 million. The stock is currently trading 5.40% above its 20-day simple moving average (SMA20), while that difference is up 10.21% for SMA50 and it goes to 7.32% higher than SMA200.
The Vanguard Group, Inc. acquired 83.35 million shares of Texas Instruments Incorporated having value of about $13.39 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.23 million shares in the company valued at close to $41202446.74, or have control over 0.27% stake in the company. Texas Instruments Incorporated (NASDAQ: TXN) currently have 913.00M outstanding shares and institutions hold larger chunk of about 86.70% of that. Holding of mutual funds in the company is about 33.75% while other institutional holders and individual stake holders have control over 52.50% and 0.54% of the stake respectively.
The stock has a current market capitalization of $162.17B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 18.90, while it has posted earnings per share of $9.55 in the same period. Its PEG reads 1.89 and has Quick Ratio of 4.10 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TXN, volatility over the week remained 2.52% while standing at 2.64% over the month.
Analysts are in expectations that Texas Instruments Incorporated (TXN) stock would likely to be making an EPS of $1.98 in the current quarter, while forecast for next quarter EPS is $1.87 and it is $8.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.86 which is $2.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.50% while it is estimated to decrease by -13.87% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 18.90% made by the stock over the past 5-years.
Analysts at 31 brokerage firms have issued recommendations for the Texas Instruments Incorporated (TXN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 31 Wall Street analysts, 9 recommended a “Buy” rating, while 18 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on November 16, 2022 offering a Neutral rating for the stock and assigned a target price range of between $185 and $205 to it. Coverage by Barclays stated Texas Instruments Incorporated (TXN) stock as an Equal weight in their note to investors on October 24, 2022, suggesting a price target of $150 for the stock. On October 11, 2022, Cowen Initiated their recommendations, while on July 05, 2022, DZ Bank Downgrade their ratings for the stock with a price target of $150. Stock get a Buy rating from The Benchmark Company on June 30, 2022.