Texas Instruments Inc.’s filing revealed that its Chairman TEMPLETON RICHARD K unloaded Company’s shares for reported $17.93 million on May 03 ’24. In the deal valued at $178.47 per share,100,440 shares were sold. As a result of this transaction, TEMPLETON RICHARD K now holds 403,851 shares worth roughly $73.37 million.
Then, TEMPLETON RICHARD K sold 104,000 shares, generating $18,246,007 in total proceeds. Upon selling the shares at $175.44, the Chairman now owns 403,851 shares.
Before that, TEMPLETON RICHARD K sold 104,000 shares. Texas Instruments Inc. shares valued at $18,286,283 were divested by the Chairman at a price of $175.83 per share. As a result of the transaction, TEMPLETON RICHARD K now holds 403,851 shares, worth roughly $73.37 million.
TD Cowen reiterated its Texas Instruments Inc. [TXN] rating to a Hold in a research note published on April 24, 2024; the price target was $175. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. TD Cowen also remained covering TXN and reiterated its “Market perform” recommendation on January 24, 2024. Cantor Fitzgerald started covering the stock on January 23, 2024. It rated TXN as “a Neutral”.
Price Performance Review of TXN
On Monday, Texas Instruments Inc. [NASDAQ:TXN] saw its stock jump 1.54% to $181.67. Over the last five days, the stock has gained 1.33%. Texas Instruments Inc. shares have risen nearly 6.58% since the year began. Nevertheless, the stocks have risen 11.93% over the past one year. While a 52-week high of $188.12 was reached on 05/06/24, a 52-week low of $139.48 was recorded on 02/13/24. SMA at 50 days reached $170.83, while 200 days put it at $163.94. A total of 4.12 million shares were traded, compared to the trading of 4.54 million shares in the previous session.
Levels Of Support And Resistance For TXN Stock
The 24-hour chart illustrates a support level at 180.00, which if violated will result in even more drops to 178.32. On the upside, there is a resistance level at 182.62. A further resistance level may holdings at 183.56. The Relative Strength Index (RSI) on the 14-day chart is 64.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.97%. Stochastics %K at 91.77% indicates the stock is a selling.
