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Texas Instruments Inc. [TXN] Insider Activity: An Update for Investors

Texas Instruments Inc.’s recent filing unveils that its Officer Robert E Sanchez acquired Company’s shares for reported $2.09 million on Oct 25 ’24. In the deal valued at $208.79 per share,9,990 shares were bought.

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Then, PATSLEY PAMELA H sold 6,065 shares, generating $1,288,388 in total proceeds. Upon selling the shares at $212.43, the Director now owns 33,348 shares.

Before that, Gary Mark sold 15,165 shares. Texas Instruments Inc. shares valued at $3,224,484 were divested by the Sr. Vice President at a price of $212.63 per share. As a result of the transaction, Gary Mark now holds 45,143 shares, worth roughly $9.34 million.

Summit Insights upgraded its Texas Instruments Inc. [TXN] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. Wells Fargo began covering TXN with “an Underweight” recommendation on May 16, 2024. Jefferies revised its rating on May 13, 2024. It rated TXN as “a Hold” which previously was an “a Buy”.

Price Performance Review of TXN

On Friday, Texas Instruments Inc. [NASDAQ:TXN] saw its stock jump 0.15% to $206.93. Over the last five days, the stock has gained 4.26%. Texas Instruments Inc. shares have risen nearly 21.40% since the year began. Nevertheless, the stocks have risen 45.94% 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 $203.37, while 200 days put it at $186.70.

Levels Of Support And Resistance For TXN Stock

The 24-hour chart illustrates a support level at 205.32, which if violated will result in even more drops to 203.72. On the upside, there is a resistance level at 209.96. A further resistance level may holdings at 213.00. The Relative Strength Index (RSI) on the 14-day chart is 56.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.06%. Stochastics %K at 72.18% 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 2024-10-15, dropping by -0.23 million shares to a total of 18.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 19.12 million shares. There was a decline of -1.19%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 24, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $175.

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