Texas Instruments Reaches New 52-Week High (TXN)

NEW YORK ( TheStreet) -- Texas Instruments (Nasdaq: TXN) hit a new 52-week high Friday as it is currently trading at $37.38, above its previous 52-week high of $37.35 with 393,321 shares traded as of 9:50 a.m. ET. Average volume has been 8.6 million shares over the past 30 days.

Texas Instruments has a market cap of $40.58 billion and is part of the technology sector and electronics industry. Shares are up 18.5% year to date as of the close of trading on Thursday.

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.

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TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Texas Instruments Ratings Report.

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