In a filing, Texas Instruments Inc. revealed 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 $6.62 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 $9.4 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 jump 0.09% to $198.47. Over the last five days, the stock has lost -3.24%. Texas Instruments Inc. shares have risen nearly 16.43% since the year began. Nevertheless, the stocks have risen 30.73% 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 $202.85, while 200 days put it at $185.84.
Levels Of Support And Resistance For TXN Stock
The 24-hour chart illustrates a support level at 196.82, which if violated will result in even more drops to 195.16. On the upside, there is a resistance level at 200.04. A further resistance level may holdings at 201.61. The Relative Strength Index (RSI) on the 14-day chart is 44.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.81%. Stochastics %K at 9.97% indicates the stock is a buying.
How much short interest is there in Texas Instruments Inc.?
A steep rise in short interest was recorded in Texas Instruments Inc. stocks on 2024-09-30, dropping by -2.09 million shares to a total of 19.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 21.36 million shares. There was a decline of -10.87%, which implies that there is a negative 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.
