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Is Texas Instruments Incorporated’s (NASDAQ: TXN) Stock Ready For A Price Spike?

In the last trading session, 5.6 million shares of the Texas Instruments Incorporated (NASDAQ:TXN) were traded, and its beta was 1.01. Most recently the company’s share price was $169.74, and it changed around -$1.12 or -0.66% from the last close, which brings the market valuation of the company to $153.79B. TXN currently trades at a discount to its 52-week high of $186.30, offering almost -9.76% off that amount. The share price’s 52-week low was $144.46, which indicates that the current value has risen by an impressive 14.89% since then. We note from Texas Instruments Incorporated’s average daily trading volume that its 10-day average is 4.18 million shares, with the 3-month average coming to 4.73 million.

Texas Instruments Incorporated (NASDAQ:TXN) trade information

Instantly TXN has showed a red trend with a performance of -0.66% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 171.11 on Tuesday, 05/23/23 increased the stock’s daily price by 0.8%. The company’s shares are currently up 2.74% year-to-date, but still up 3.89% over the last five days. On the other hand, Texas Instruments Incorporated (NASDAQ:TXN) is -3.50% up in the 30-day period. We can see from the shorts that 18.86 million shares have been sold at a short interest cover period of 4.05 day(s).

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The consensus price target as assigned by Wall Street analysts is $183.20, which translates to bulls needing to increase their stock price by 7.35% from its current value. Analyst projections state that TXN is forecast to be at a low of $130.00 and a high of $230.00. In order for the stock price to hit the forecast high, the stock would need to plunge -35.5% from its current level, while the stock would need to crash 23.41% from its current level to reach the projected low.

Texas Instruments Incorporated (TXN) estimates and forecasts

Texas Instruments Incorporated share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -3.11 percent over the past six months and at a -20.34% annual growth rate that is well below the industry average of 0.30%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -28.20% in revenue this quarter, and will report a decrease of -21.90% in the next quarter. The year-over-year growth rate is expected to be -10.50%, down from the previous year.

Consensus estimates provided by 24 financial analysts predict the company will bring in an average of $4.37 billion in revenue for the current quarter. 24 analysts expect Texas Instruments Incorporated to make $4.62 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $5.21 billion and $5.24 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -16.20%. Forecasts for the next quarter put sales growth at -11.90%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 20.80%. Texas Instruments Incorporated earnings are expected to increase by 13.80% in 2023, but the outlook is positive 10.00% per year for the next five years.

TXN Dividends

Texas Instruments Incorporated’s next quarterly earnings report is expected to be released around July 24 and July 28. The annual dividend yield of the stock is 2.92 percent and its annual dividend per share was 4.96. It is important to note, however, that the 2.92% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Texas Instruments Incorporated (NASDAQ:TXN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.22% of Texas Instruments Incorporated shares, and 87.56% of them are in the hands of institutional investors. The stock currently has a share float of 87.75%. Texas Instruments Incorporated stock is held by 2,825 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 9.65% of the shares, which is about 87.58 million shares worth $14.87 billion.

Blackrock Inc., with 8.74% or 79.31 million shares worth $13.46 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 27.58 million shares worth $4.68 billion, making up 3.04% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 20.98 million shares worth around $3.56 billion, which represents about 2.32% of the total shares outstanding.

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