Texas Instruments Stock Powers Higher: TXN Shares Close Up Over 6.5%
Texas Instruments Inc (NASDAQ: TXN) enjoyed a strong performance in the United States stock market on Wednesday, finishing the trading day with substantial gains. The semiconductor manufacturer’s stock closed the regular session on April 24th at 162.13 USD.
0.42 (0.26%) to reach $162.55 as of 7:57 PM GMT-4.
The trading day for Texas Instruments started with a notable gap up, opening at $164.63, considerably higher than the previous close of $152.15. The stock reached its intra-day high of $165.00 early in the session before experiencing some pullback. It found a floor at the day’s low of $158.42 and maintained most of its gains to close strongly, as indicated by the 1-day chart.
As a prominent company in the semiconductor sector, Texas Instruments holds a market capitalization listed as 14.75KCr (approximately $177 Billion USD). The stock currently features a Price-to-Earnings (P/E) ratio of 30.72 and offers a notable dividend yield of 3.36%.
Wednesday’s significant rally lifts TXN stock further from its 52-week low of $139.95. Despite the strong move, the shares remain well below the 52-week high of $220.38. The sharp increase suggests positive investor reaction to recent company news or broader sector trends.
