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Texas Instruments Inc. [TXN] Investment Appeal on the Rise

Texas Instruments Inc.’s filing revealed that its Director PATSLEY PAMELA H unloaded Company’s shares for reported $1.29 million on Aug 29 ’24. In the deal valued at $212.43 per share,6,065 shares were sold. As a result of this transaction, PATSLEY PAMELA H now holds 33,348 shares worth roughly $6.78 million.

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Then, Gary Mark sold 15,165 shares, generating $3,224,484 in total proceeds. Upon selling the shares at $212.63, the Sr. Vice President now owns 45,143 shares.

Before that, Roberts Mark T. sold 4,700 shares. Texas Instruments Inc. shares valued at $1,001,498 were divested by the Sr. Vice President at a price of $213.08 per share. As a result of the transaction, Roberts Mark T. now holds 47,369 shares, worth roughly $9.63 million.

Citigroup upgraded its Texas Instruments Inc. [TXN] rating to a Buy from a a Neutral in a research note published on August 21, 2024; the price target was increased to $235 from $200. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid May with a ‘”an Underweight”‘ rating. Jefferies also remained covering TXN and has decreased its forecast on May 13, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on April 24, 2024. It rated TXN as “a Hold”.

Price Performance Review of TXN

On Friday, Texas Instruments Inc. [NASDAQ:TXN] saw its stock fall -2.07% to $203.30. Over the last five days, the stock has gained 1.69%. Texas Instruments Inc. shares have risen nearly 19.27% since the year began. Nevertheless, the stocks have risen 25.42% over the past one year. While a 52-week high of $214.66 was reached on 08/30/24, a 52-week low of $139.48 was recorded on 02/13/24. SMA at 50 days reached $200.53, while 200 days put it at $182.00.

Levels Of Support And Resistance For TXN Stock

The 24-hour chart illustrates a support level at 201.17, which if violated will result in even more drops to 199.03. On the upside, there is a resistance level at 205.35. A further resistance level may holdings at 207.39. The Relative Strength Index (RSI) on the 14-day chart is 51.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 50.06%. Stochastics %K at 48.28% 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 2024-08-30, growing by 1.04 million shares to a total of 21.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 20.32 million shares. There was a rise of 4.87%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 16, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $213 price target.

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