Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded at a new 52-week high today of $199.55. Approximately 766,000 shares have changed hands today, as compared to an average 30-day volume of 3.2 million shares.
Based on a current price of $199.40, Texas Instruments Incorporated is currently 18.3% above its average consensus analyst price target of $162.98.
Dallas-based Texas Instruments generates about 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world’s largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in digital signal processors, used in wireless communications, and microcontrollers used in a wide variety of electronics applications.
Over the past year, Texas Instruments Incorporated has traded in a range of $134.12 to $199.55 and is now at $199.40, 49% above that low.
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