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Monday, September 21, 2020

Is Now the Time to Invest in Texas Instruments Incorporated (NASDAQ:TXN)?

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The Texas Instruments Incorporated (TXN) shares are trading at lower $128.89 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $140.00.

To add more color to this target, the company’s high over the last year is $137.65 and the low is $93.09. Over the last 52 weeks, TXN is down -6.36% while the S&P 500 is down -0.36%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TXN reported a profit of $2.08 billion. Texas Instruments Incorporated also saw revenues increase to $3.24 billion. In addition, TXN has free cash flow of $2.28 billion as of 06-2020. The company’s EBITDA came in at $1.48 billion which compares well with its peers.

TXN booked profit margins of 36.70%, its Return on Equity (ROE) is 60.40%, and its Return on Assets is 28.40%. All told, it is clear that, TXN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TXN has a short ratio of 3.14 and outstanding shares of 916.00M.

Company Outlook

TXN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 5.8 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 5.33. Texas Instruments Incorporated TXN also noted assets of $17.45 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TXN has historically followed its peers on positive news.

All told, Texas Instruments Incorporated TXN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TXN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Texas Instruments Incorporated TXN is now commanding a market cap of 117.52B and a float of 913.36M. TXN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TXN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TXN, either long or short, and we have not been compensated for this article.

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