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 $78.31 million.
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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 $78.31 million.
Wells Fargo initiated its Texas Instruments Inc. [TXN] rating to an Underweight in a research note published on May 16, 2024; the price target was $150. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. TD Cowen also remained covering TXN and reiterated its “Hold” recommendation on April 24, 2024. Evercore ISI started covering the stock on April 16, 2024. It rated TXN as “an Outperform”.
Price Performance Review of TXN
On Friday, Texas Instruments Inc. [NASDAQ:TXN] saw its stock fall -1.21% to $193.90. Over the last five days, the stock has lost -0.87%. Texas Instruments Inc. shares have risen nearly 13.75% since the year began. Nevertheless, the stocks have risen 9.47% over the past one year. While a 52-week high of $206.00 was reached on 05/28/24, a 52-week low of $139.48 was recorded on 02/13/24. SMA at 50 days reached $184.17, while 200 days put it at $167.12. A total of 3.48 million shares were traded, compared to the trading of 3.41 million shares in the previous session.
Levels Of Support And Resistance For TXN Stock
The 24-hour chart illustrates a support level at 192.77, which if violated will result in even more drops to 191.64. On the upside, there is a resistance level at 195.33. A further resistance level may holdings at 196.76. The Relative Strength Index (RSI) on the 14-day chart is 52.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.87%. Stochastics %K at 38.92% indicates the stock is a holding.
The most recent change occurred on January 24, 2024 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $160.
