Texas Instruments Inc.’s recently made public that its Director BLINN MARK A unloaded Company’s shares for reported $0.28 million on Jan 31 ’24. In the deal valued at $159.85 per share,1,744 shares were sold. As a result of this transaction, BLINN MARK A now holds 11,693 shares worth roughly $1.98 million.
Then, KIRK RONALD sold 12,299 shares, generating $1,789,602 in total proceeds. Upon selling the shares at $145.51, the Director now owns 13,637 shares.
Before that, COX CARRIE SMITH sold 16,055 shares. Texas Instruments Inc. shares valued at $2,890,542 were divested by the Director at a price of $180.04 per share. As a result of the transaction, COX CARRIE SMITH now holds 35,801 shares, worth roughly $6.07 million.
TD Cowen reiterated its Texas Instruments Inc. [TXN] rating to a Market perform in a research note published on January 24, 2024; the price target was $160. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. UBS also remained covering TXN and has increased its forecast on January 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. Oppenheimer revised its rating on October 11, 2023. It rated TXN as “a Perform” which previously was an “an Outperform”.
Price Performance Review of TXN
On Monday, Texas Instruments Inc. [NASDAQ:TXN] saw its stock jump 1.17% to $169.46. Over the last five days, the stock has lost -2.14%. Texas Instruments Inc. shares have fallen nearly -0.59% since the year began. Nevertheless, the stocks have fallen -4.37% over the past one year. While a 52-week high of $188.12 was reached on 03/07/24, a 52-week low of $139.48 was recorded on 02/13/24. SMA at 50 days reached $166.75, while 200 days put it at $164.59. A total of 3.15 million shares were traded, compared to the trading of 0.91 million shares in the previous session.
Levels Of Support And Resistance For TXN Stock
The 24-hour chart illustrates a support level at 167.72, which if violated will result in even more drops to 165.97. On the upside, there is a resistance level at 170.75. A further resistance level may holdings at 172.03. The Relative Strength Index (RSI) on the 14-day chart is 49.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.95%. Stochastics %K at 25.34% indicates the stock is a holding.
How much short interest is there in Texas Instruments Inc.?
A steep rise in short interest was recorded in Texas Instruments Inc. stocks on Mar 15, 2024, growing by 3.15 million shares to a total of 17.87 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 14.72 million shares. There was a rise of 17.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.97% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.21.
