Tuesday, September 22, 2020

DZ Bank lifts Texas Instruments Incorporated [TXN] price estimate. Who else is bullish?

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Texas Instruments Incorporated [NASDAQ: TXN] plunged by -$5.97 during the normal trading session on Thursday and reaching a high of $147.44 during the day while it closed the day at $141.67. The company report on September 1, 2020 that TI introduces the industry’s first DC/DC buck-boost converter to extend battery life by 50% and offer lowest IQ.

Engineers can achieve up to three times more output current and maximize usable battery capacity for building automation and grid infrastructure applications.

Texas Instruments (TI) (Nasdaq: TXN) today introduced the industry’s first DC/DC buck-boost converter to combine programmable input current limit and integrated dynamic voltage scaling to extend battery life by at least 50%. The TPS63900 maintains the industry’s lowest quiescent current (IQ), 75 nA, with 92% efficiency at 10 µA and delivers up to three times more output current than competing devices to help engineers extend the life span of battery-powered industrial and personal electronics applications.

Texas Instruments Incorporated stock has also gained 0.13% of its value over the past 7 days. However, TXN stock has inclined by 7.78% in the 3 months of the year. Over the past six months meanwhile, it has gained 25.19% and gained 10.43% year-on date.

The market cap for TXN stock reached $127.95 billion, with 916.00 million shares outstanding and 913.69 million shares in the current float. Compared to the average trading volume of 4.56M shares, TXN reached a trading volume of 5853601 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Texas Instruments Incorporated [TXN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TXN shares is $139.68 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TXN stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

DZ Bank have made an estimate for Texas Instruments Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 23, 2020. The new note on the price target was released on July 09, 2020, representing the official price target for Texas Instruments Incorporated stock. Previously, the target price had yet another raise from $94 to $108, while Morgan Stanley kept a Underweight rating on TXN stock.

The Average True Range (ATR) for Texas Instruments Incorporated is set at 2.77, with the Price to Sales ratio for TXN stock in the period of the last 12 months amounting to 9.35. The Price to Book ratio for the last quarter was 16.99, with the Price to Cash per share for the same quarter was set at 5.49. Price to Free Cash Flow for TXN in the course of the last twelve months was 51.43 with Quick ratio for the last quarter at 2.90.

TXN stock trade performance evaluation

Texas Instruments Incorporated [TXN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.13. With this latest performance, TXN shares gained by 6.76% in over the last four-week period, additionally plugging by 25.19% over the last 6 months – not to mention a rise of 11.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TXN stock in for the last two-week period is set at 56.50, with the RSI for the last a single of trading hit 52.69, and the three-weeks RSI is set at 57.93 for Texas Instruments Incorporated [TXN]. The present Moving Average for the last 50 days of trading for this stock 133.99, while it was recorded at 143.98 for the last single week of trading, and 122.80 for the last 200 days.

Texas Instruments Incorporated [TXN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Texas Instruments Incorporated [TXN] shares currently have an operating margin of +39.54 and a Gross Margin at +61.71. Texas Instruments Incorporated’s Net Margin is presently recorded at +34.66.

Return on Total Capital for TXN is now 39.08, given the latest momentum, and Return on Invested Capital for the company is 35.89. Return on Equity for this stock inclined to 55.70, with Return on Assets sitting at 28.36. When it comes to the capital structure of this company, Texas Instruments Incorporated [TXN] has a Total Debt to Total Equity ratio set at 68.88. Additionally, TXN Total Debt to Total Capital is recorded at 40.79, with Total Debt to Total Assets ending up at 34.05. Long-Term Debt to Equity for the company is recorded at 62.45, with the Long-Term Debt to Total Capital now at 36.98.

Reflecting on the efficiency of the workforce at the company, Texas Instruments Incorporated [TXN] managed to generate an average of $167,462 per employee. Receivables Turnover for the company is 12.61 with a Total Asset Turnover recorded at a value of 0.82.Texas Instruments Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 3.90.

Earnings per share (EPS) analysis for Texas Instruments Incorporated [TXN] stock

With the latest financial reports released by the company, Texas Instruments Incorporated posted 1.49/share EPS, while the average EPS was predicted by analysts to be reported at 1.42/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TXN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Texas Instruments Incorporated go to 10.00%.

Texas Instruments Incorporated [TXN]: Insider Ownership positions

There are presently around $109,819 million, or 86.00% of TXN stock, in the hands of institutional investors. The top three institutional holders of TXN stocks are: VANGUARD GROUP INC with ownership of 86,651,170, which is approximately -4.781% of the company’s market cap and around 0.24% of the total institutional ownership; BLACKROCK INC., holding 70,181,716 shares of the stock with an approximate value of $9.94 billion in TXN stocks shares; and STATE STREET CORP, currently with $5.8 billion in TXN stock with ownership of nearly 0.114% of the company’s market capitalization.

Positions in Texas Instruments Incorporated stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 767 institutional holders increased their position in Texas Instruments Incorporated [NASDAQ:TXN] by around 34,070,164 shares. Additionally, 731 investors decreased positions by around 41,380,216 shares, while 238 investors held positions by with 699,725,921 shares. The mentioned changes placed institutional holdings at 775,176,301 shares, according to the latest SEC report filing. TXN stock had 199 new institutional investments in for a total of 3,430,392 shares, while 75 institutional investors sold positions of 1,337,313 shares during the same period.

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