Price Action Report: Could Texas Instruments Incorporated Change Direction After Reaching 52-Week High?

Price Action Report: Could Texas Instruments Incorporated Change Direction After Reaching 52 Week High?

The stock of Texas Instruments Incorporated (NASDAQ:TXN) hit a new 52-week high and has $77.52 target or 4.00% above today’s $74.54 share price. The 6 months bullish chart indicates low risk for the $74.86B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $77.52 price target is reached, the company will be worth $2.99 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 4.50 million shares traded hands. Texas Instruments Incorporated (NASDAQ:TXN) has risen 26.11% since April 25, 2016 and is uptrending. It has outperformed by 20.10% the S&P500.

Analysts await Texas Instruments Incorporated (NASDAQ:TXN) to report earnings on January, 25. They expect $0.81 EPS, up 14.08% or $0.10 from last year’s $0.71 per share. TXN’s profit will be $813.48 million for 23.01 P/E if the $0.81 EPS becomes a reality. After $0.94 actual EPS reported by Texas Instruments Incorporated for the previous quarter, Wall Street now forecasts -13.83% negative EPS growth.

Texas Instruments Incorporated (NASDAQ:TXN) Ratings Coverage

Out of 22 analysts covering Texas Instruments (NASDAQ:TXN), 11 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 50% are positive. Texas Instruments has been the topic of 42 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Cowen & Co with “Market Perform” on Thursday, July 23. The rating was downgraded by Raymond James to “Outperform” on Tuesday, April 19. The rating was downgraded by Bernstein on Friday, December 18 to “Mkt Perform”. As per Tuesday, May 17, the company rating was initiated by CLSA. Bernstein maintained Texas Instruments Incorporated (NASDAQ:TXN) on Tuesday, July 26 with “Market Perform” rating. The rating was maintained by UBS with “Buy” on Thursday, October 22. RBC Capital Markets maintained Texas Instruments Incorporated (NASDAQ:TXN) on Thursday, October 22 with “Outperform” rating. The rating was downgraded by Goldman Sachs on Wednesday, February 3 to “Sell”. RBC Capital Markets maintained Texas Instruments Incorporated (NASDAQ:TXN) on Thursday, April 28 with “Outperform” rating. Drexel Hamilton downgraded Texas Instruments Incorporated (NASDAQ:TXN) on Friday, August 7 to “Hold” rating.

According to Zacks Investment Research, “Texas Instruments, Inc. is a global semiconductor company and one of the world’s leading designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. These two types of semiconductor products work together in digital electronic devices such as digital cellular phones. Other semiconductor products include standard logic, application- specific integrated circuits, reduced instruction-set computing microprocessors, microcontrollers and digital imaging devices.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.05, from 0.99 in 2016Q1. The ratio dropped, as 60 funds sold all Texas Instruments Incorporated shares owned while 299 reduced positions. 57 funds bought stakes while 298 increased positions. They now own 856.58 million shares or 0.73% less from 862.92 million shares in 2016Q1.
Grandfield Dodd Limited, a New York-based fund reported 7,466 shares. Wellington Shields Cap Ltd Com reported 15,535 shares or 0.16% of all its holdings. Sound Shore Management Inc Ct holds 2.69% or 138,096 shares in its portfolio. Moreover, Ferguson Wellman Capital Inc has 2.32% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 880,292 shares. Pax Management Ltd Limited Liability Company accumulated 12,640 shares or 0.05% of the stock. Ronald Blue And Company Llc has invested 0.01% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Loomis Sayles & Com Ltd Partnership has invested 0.13% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Piedmont Investment Advisors Limited Liability Company accumulated 706,243 shares or 0% of the stock. Central Bancorp And accumulated 4,892 shares or 0.09% of the stock. Summit Fincl Wealth Advisors Ltd Co holds 0.49% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 18,693 shares. Riverpoint Mgmt Ltd Liability owns 51,705 shares or 0.29% of their US portfolio. Cadinha And Company Limited Liability Corp owns 9,200 shares or 0.12% of their US portfolio. Moreover, Ssi Invest Management has 0.02% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 3,874 shares. M&T Bank & Trust Corp accumulated 0.08% or 192,029 shares. The Illinois-based Chesley Taft Associates Llc has invested 0.11% in Texas Instruments Incorporated (NASDAQ:TXN).

Insider Transactions: Since July 27, 2016, the stock had 0 buys, and 12 insider sales for $76.01 million net activity. $12.73M worth of Texas Instruments Incorporated (NASDAQ:TXN) shares were sold by CRUTCHER BRIAN T. Shares for $3.50M were sold by DELAGI R GREGORY on Friday, July 29. $13.79 million worth of Texas Instruments Incorporated (NASDAQ:TXN) was sold by WEST TERESA L on Wednesday, July 27. 56,250 shares were sold by XIE BING, worth $3.97M on Wednesday, July 27. On Wednesday, July 27 MARCH KEVIN P sold $15.17 million worth of the stock or 215,000 shares. On Wednesday, July 27 the insider RITCHIE KEVIN J sold $4.36 million. On Wednesday, July 27 the insider Whitaker Darla H sold $11.39 million.

More news for Texas Instruments Incorporated (NASDAQ:TXN) were recently published by: Profitconfidential.com, which released: “Texas Instruments Incorporated: A Moon Shot with TXN Stock” on November 22, 2016. Nasdaq.com‘s article titled: “Texas Instruments Incorporated (TXN) Ex-Dividend Date Scheduled for November …” and published on November 02, 2016 is yet another important article.

TXN Company Profile

Texas Instruments Incorporated, incorporated on December 23, 1938, designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Firm operates through two divisions: Analog and Embedded Processing. The Firm has design, manufacturing or sales activities in over 30 countries.

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