Texas Instruments (TXN, Financial) recently encountered a significant stock price movement, plunging 1.36% to settle at $199.95 per share. The trading volume reached approximately 1.29 million shares, with a turnover rate of 0.14% and a price fluctuation of 1.35%.
In its latest financial report, Texas Instruments reported revenue of $3.822 billion and a net profit of $1.121 billion, resulting in earnings per share of $1.23. The company's gross profit amounted to $2.211 billion, with a price-to-earnings ratio of 34.69.
Regarding analyst ratings, out of 37 institutions, 35% recommended buying the stock, 51% advised holding, and 14% suggested selling.
The semiconductor industry, where Texas Instruments operates, saw an overall decline of 0.14%. Within this sector, stocks like ACM Research, Inc., Peraso Inc., and others showed considerable gains. ACM Research, Inc., Daqo New Energy, and Peraso Inc. were notably active, with turnover rates of 8.65%, 5.74%, and 4.75%, respectively. Daqo New Energy, Smartkem, Inc., and ACM Research, Inc. displayed significant price fluctuations of 17.44%, 16.66%, and 15.11%.
Texas Instruments is headquartered in Dallas and derives about 95% of its revenue from semiconductors, with the remainder from its well-known calculator products. It is recognized as the world's largest manufacturer of analog chips, which process real-world signals such as sound and power. The company also leads in market share for processors and microcontrollers used in various electronic applications.
