Momentum Is Strong For Texas Instruments Inc. (NASDAQ: TXN)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Texas Instruments board declares first quarter 2024 quarterly dividend.

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Stocks Info

This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $173.65 and fluctuated between $175.16 as its day high and $170.24 as its day low. The current market capitalization of Texas Instruments Inc. is $157.71B. A total of 13.2 million shares were traded on the day, compared to an average of 5.71M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TXN has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 12,299 and the disposition of 15,623 shares. Over the last 12 months, there were 30 BUYs and 21 SELLs from insiders. Insiders purchased 239,177 shares during that period but sold 99,669.

In the most recent transaction, KIRK RONALD sold 12,299 shares of TXN for 145.51 per share on Nov 13. After the transaction, the Director now owns 13,637 company shares. In a previous transaction on Jul 31, COX CARRIE SMITH sold 16,055 shares at 180.04 per share. TXN shares that Director owns now total 35,801.

Among the insiders who sold shares, PATSLEY PAMELA H disposed of 10,539 shares on Jul 27 at a per-share price of $179.34. This resulted in the Director holding 32,662 shares of TXN after the transaction. In another insider transaction, BAHAI AHMAD sold 1,200 shares at $176.67 per share on Feb 13. Company shares held by the Sr. Vice President now total 30,357.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Texas Instruments Inc. pays an annual dividend of $5.00, resulting in a dividend yield of 2.88%, and it has a price to earnings (P/E) ratio of 22.51. TXN’s most recent ex-dividend date was 1/30/2024 when it declared a $1.30 quarterly dividend that was paid in cash on 2/13/2024. Previously, the company paid the dividend on 11/14/2023 with an ex-dividend date of 10/30/2023. The TXN stock dividend was $1.30 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TXN in the last 3 months, the mean price target is $165.33 with high estimates of $210.00 and low estimates of $114.00. In terms of 52-week highs and lows, TXN has a high of $188.12 and a low of $139.48.

As of this writing, TXN has an earnings estimate of $1.46 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $1.52 per share and a lower estimate of $1.36. The company reported an EPS of $1.87 in the last quarter, which was 6.30% higher than expectations of $1.76.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TXN’s latest balance sheet shows that the firm has $9.74B in Cash & Short Term Investments as of fiscal 2021. There were $8.12B in debt and $2.57B in liabilities at the time. Its Book Value Per Share was $18.32, while its Total Shareholder’s Equity was $13.33B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TXN is Buy with a score of 3.25.

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