Upgrade Alert for Texas Instruments (TXN)
Texas Instruments (NYSE:TXN) was upgraded from Neutral to Buy at BofA/Merrill today. The stock closed yesterday at $71.42 on volume of 22.0 million shares, above average daily volume of 4.8 million.
In the past 52 weeks, Texas Instruments share prices have been bracketed by a low of $43.49 and a high of $66.22 and closed yesterday at $71.42, 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.
Texas Instruments Incorporated is a global semiconductor company that designs and supplies analog technologies, digital signal processing (DSP) and microcontroller (MCU) semiconductors. The Company also operates materials and controls, and educational and productivity solutions businesses. Texas Instruments has manufacturing or sales operations in countries around the world.
Texas Instruments (NYSE:TXN) is currently priced 18.3% above its average consensus analyst price target of $58.32. Texas Instruments shares have support at the 50-day moving average (MA) of $56.98 and additional support at the 200-day MA of $53.45.
SmarTrend recommended that subscribers consider buying shares of Texas Instruments on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.79. Since that recommendation, shares of Texas Instruments have risen 25.5%. We continue to monitor TXN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades Texas Instruments