Texas Instruments Incorporated (TXN) rating downgrades by Bernstein


Texas Instruments Incorporated’s filing revealed that its Director COX CARRIE SMITH unloaded Company’s shares for reported $2.89 million on Jul 31. In the deal valued at $180.04 per share,16,055 shares were sold. As a result of this transaction, COX CARRIE SMITH now holds 35,801 shares worth roughly $ 6.08 million.

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Then, PATSLEY PAMELA H sold 10,539 shares, generating $1,890,083 in total proceeds. Upon selling the shares at $179.34, the Director now owns 32,662 shares.

Before that, BAHAI AHMAD sold 1,200 shares. Texas Instruments Incorporated shares valued at $212,003 were divested by the Sr. Vice President at a price of $176.67 per share. As a result of the transaction, BAHAI AHMAD now holds 30,357 shares, worth roughly $5.15 million.

Bernstein downgraded its Texas Instruments Incorporated [TXN] rating to an Underperform from a a Mkt perform in a research note published on Tuesday. PT values the company’s stock at a premium of -17.06 to its Tuesday closing price.

Price Performance Review of TXN

On Tuesday, Texas Instruments Incorporated [NASDAQ:TXN] saw its stock fall -0.05% to $169.74. On the same session, the stock had its day’s lowest price of $168.22, but rose to a high of $170.90. Over the last five days, the stock has gained 0.62%. Texas Instruments Incorporated shares have risen nearly 2.74% since the year began. Nevertheless, the stocks have risen 2.15% over the past one year. While a 52-week high of $188.12 was reached on 07/25/23, a 52-week low of $145.97 was recorded on 05/11/23. SMA at 50 days reached $174.04, while 200 days put it at $173.72. A total of 2.88 million shares were traded, compared to the trading of 2.61 million shares in the previous session.

Levels Of Support And Resistance For TXN Stock

The 24-hour chart illustrates a support level at 168.34, which if violated will result in even more drops to 166.94. On the upside, there is a resistance level at 171.02. A further resistance level may holdings at 172.30. The Relative Strength Index (RSI) on the 14-day chart is 49.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.04%. Stochastics %K at 77.76% indicates the stock is a holding.

How much short interest is there in Texas Instruments Incorporated?

A steep rise in short interest was recorded in Texas Instruments Incorporated stocks on Aug 14, 2023, dropping by -0.19 million shares to a total of 15.66 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 15.85 million shares. There was a decline of -1.21%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.73% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.59.

Texas Instruments Incorporated [TXN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 84,518,834 shares, or roughly 9.31% of the outstanding TXN shares. In other words, the investor’s shares have risen by 906,622 from its previous 13-F filing of 83612212.0. Additionally, BlackRock Fund Advisors increased 1.51% of its stake after which the total value it holdings stand at $9,535,960,080, while SSgA Funds Management, Inc. added 0.30% of its stake to hold $6.83 billion in the firm. Over the last quarter, Wellington Management Co. LLP sold -2,105,118 shares of Texas Instruments Incorporated, while Geode Capital Management LLC sold 827,298 shares. At present, Charles Schwab Investment Managem is holding 18,053,857 shares valued at $3.25 billion. Capital Research & Management Co owned 17,061,878 shares of the company at the time of its most recent 13F filing, worth $3.07 billion.

According to FactSet, Texas Instruments Incorporated’s share price will average $186.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.93 percent from its previous closing price of $169.83. Analysts expect Texas Instruments Incorporated stock to reach the higher price of $230.00, while the lowest price estimate is $130.00. However, 32 analysts have rated TXN stock as a Hold in their predictions for 2023.


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