Texas Instruments (Nasdaq:TXN) hit a new 52-week high Tuesday as it is currently trading at $35.93, above its previous 52-week high of $35.92 with 3.8 million shares traded as of 10:30 a.m. ET. Average volume has been 9.9 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Texas Instruments (Nasdaq: TXN) hit a new 52-week high Tuesday as it is currently trading at $35.93, above its previous 52-week high of $35.92 with 3.8 million shares traded as of 10:30 a.m. ET. Average volume has been 9.9 million shares over the past 30 days. Texas Instruments has a market cap of $37.9 billion and is part of the technology sector and electronics industry. Shares are up 10.9% year to date as of the close of trading on Monday. Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Texas Instruments Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.