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Shares of Texas Instruments Have Risen Above Previous 52-Week High

Published on Fri, 05/03/2013 - 14:53
By Robert Cotter

Shares of Texas Instruments (NYSE:TXN) traded at a new 52-week high today of $37.14. So far today approximately 9.5 million shares have been exchanged, as compared to an average 30-day volume of 9.8 million shares.

Based on a current price of $37.10, Texas Instruments is currently 11.4% above its average consensus analyst price target of $32.87. The stock should discover initial support at its 50-day moving average (MA) of $35.00 and subsequent support at its 200-day MA of $31.13.

In the past 52 weeks, Texas Instruments share prices have been bracketed by a low of $26.06 and a high of $37.14 and are now at $37.10, 42% above that low price. The 200-day and 50-day moving averages have moved 0.60% higher and 0.63% higher over the past week, respectively.

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.

By Robert Cotter
rcotter@fnno.com