Micron Shares Reach All-Time High Following Executive Stock Sale
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14h ago
0mins
Source: Barron's
- Micron Technology's Stock Performance: Shares of Micron Technology have experienced a significant increase since the beginning of the year.
- Executive Profit-Taking: A top executive at Micron is selling shares to take profits, although the potential returns from holding the shares could have been greater.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TXN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TXN
Wall Street analysts forecast TXN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TXN is 193.53 USD with a low forecast of 125.00 USD and a high forecast of 245.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
10 Buy
5 Hold
5 Sell
Hold
Current: 218.970
Low
125.00
Averages
193.53
High
245.00
Current: 218.970
Low
125.00
Averages
193.53
High
245.00
About TXN
Texas Instruments Incorporated is a global semiconductor company that designs, manufactures, tests, and sells analog and embedded processing chips for markets, such as industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its Analog segment includes product lines, such as Power and Signal Chain. Power includes products that help customers manage power in electronic systems. Its portfolio is designed to manage power requirements across different voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated DC/DC switching regulators, power switches, linear and low-dropout regulators, voltage references, and others. Signal Chain includes products that sense, condition, and measure real-world signals to allow information to be transferred or converted for further processing and control. The Embedded Processing segment includes microcontrollers, digital signal processors (DSPs) and applications processors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Texas Instruments Stock Rises as Analysts Raise Price Targets
- Quarterly Performance: Texas Instruments reported fourth-quarter revenue of $4.42 billion, slightly below the expected $4.44 billion but reflecting a 10% year-over-year increase, which alleviates investor concerns about demand stability.
- Guidance Outlook: The company projected first-quarter revenue between $4.32 billion and $4.68 billion, exceeding market expectations of $4.42 billion, indicating management's increased confidence in future demand, potentially driving further stock price gains.
- Analyst Rating Upgrades: Analysts from Cantor Fitzgerald, Benchmark, and Rosenblatt raised Texas Instruments' price targets, with the highest increase from $190 to $250, reflecting optimistic market sentiment regarding the company's growth potential.
- Signs of Industry Recovery: Analysts highlighted a rebound in demand from industrial and data center sectors, particularly noting a 70% year-over-year growth in data center revenue, which is expected to support sustained growth for the company in the coming quarters and strengthen its market position.
Continue Reading
Top and Bottom S&P 500 Stocks of January: No Surprises.
Market Reactions: January has presented various challenges and opportunities for investors, prompting significant analysis and reflection on market trends.
Economic Indicators: Key economic indicators released this month have influenced investor sentiment and decision-making processes.
Continue Reading