Short Term Price Target on Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (NASDAQ:TXN) : Currently there are 23 street experts covering Texas Instruments Incorporated (NASDAQ:TXN) stock. The most bullish and bearish price target for the stock is $71 and $40 respectively for the short term. The average price target of all the analysts comes to $61.02. The estimated standard deviation from the target is $6.5.

Texas Instruments Inc. has dropped 1.03% in the last five trading days, however, the shares have posted positive gains of 2.59% in the last 4 weeks. Texas Instruments Inc. is up 8.82% in the last 3-month period. Year-to-Date the stock performance stands at 15.9%. Also, In the latest statement by the brokerage house, B. Riley maintains its outlook on Texas Instruments Incorporated (NASDAQ:TXN). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $55 per share to $56.5 per share. The rating by the firm was issued on April 28, 2016.

Texas Instruments Incorporated (NASDAQ:TXN) : The consensus on Texas Instruments Incorporated (NASDAQ:TXN) based on 26 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 15 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Texas Instruments Incorporated (NASDAQ:TXN).

Texas Instruments Incorporated (NASDAQ:TXN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.51 and $61.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.65, notching a gain of 2.29% for the day. The total traded volume was 6,632,008 . The stock had closed at $61.25 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Crutcher Brian T, officer (Executive Vice President) of Texas Instruments Inc, had unloaded 34,126 shares at an average price of $57.99 in a transaction dated on May 16, 2016. The total value of the transaction was worth $1,978,967.

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. The Companys Analog segment includes the following product lines: High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog. The Companys Embedded Processing segment includes the following product lines: Processor, Microcontrollers and Connectivity. The Company is also engaged in smaller product lines, such as DLP products, certain custom semiconductors known as application-specific integrated circuits, calculators, baseband products, and applications processors and connectivity products. The revenues from these smaller businesses are included under the Other segment. The Company has design, manufacturing or sales operations in 35 countries.

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