Texas Instruments Incorporated (TXN) Shares are Up 0.62%

Texas Instruments Incorporated (TXN) : Traders are bullish on Texas Instruments Incorporated (TXN) as it has outperformed the S&P 500 by a wide margin of 6.89% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.62% in the last 1 week, and is up 7.3% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Texas Instruments Inc. is up 20.7% in the last 3-month period. Year-to-Date the stock performance stands at 30.7%. The stock has recorded a 20-day Moving Average of 1.07% and the 50-Day Moving Average is 7.83%.


Texas Instruments Incorporated (NASDAQ:TXN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.12 and $69.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.27, notching a gain of 0.20% for the day. The total traded volume was 3,481,961 . The stock had closed at $70.13 on the previous day.

Also, Equity analysts at the Brokerage firm Exane BNP Paribas upgrades its rating on Texas Instruments Incorporated (NASDAQ:TXN). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on August 4, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.