TXN Stock Summary and Trading Ideas (Texas Instruments | NASDAQ:TXN)

Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.

Texas Instruments trades on the NASDAQ stock market under the symbol TXN.

As of April 25, 2024, TXN stock price climbed to $175.25 with 8,701,205 million shares trading.

TXN has a beta of 1.24, meaning it tends to be more sensitive to market movements. TXN has a correlation of 0.41 to the broad based SPY ETF.

TXN has a market cap of $159.56 billion. This is considered a Large Cap stock.

Last quarter Texas Instruments reported $4 billion in Revenue and $1.20 earnings per share. This beat revenue expectation by $51 million and exceeded earnings estimates by $.13.

In the last 3 years, TXN stock traded as high as $202.26 and as low as $139.48.

The top ETF exchange traded funds that TXN belongs to (by Net Assets): VTI, VOO, QQQ, SCHD, SPY.

TXN has underperformed the market in the last year with a return of +2.5%, while the SPY ETF gained +23.6%. In the last 3 month period, TXN fell short of the market, returning +3.8%, while SPY returned +4.1%. However, in the most recent 2 weeks TXN has outperformed the stock market by returning +3.7%, while SPY returned -2.1%.

TXN support price is $172.10 and resistance is $177.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TXN stock will trade within this expected range on the day.