“5 Stocks Billionaire Steve Cohen is BUYING Right Now! 🚨”
TXN's high valuation relative to the sector limits potential gains; the speaker avoids buying it despite strong business performance.
It is Texas Instruments, the long-established chipmaker, ticker symbol TXN, in which Cohen bought shares worth more than $340 million during the last quarter.
Looking at the price chart here, we can see that the stock saw a significant rise at the beginning of the year. But it actually dropped a little. Sorry, I lost the screenshots, but yes, the stock has lost about a quarter of its value since that peak.
Its performance has remained almost unchanged over the past five years, which is not considered good performance in our modern technology market, especially for a chip company's stock, is it?
Some of these stocks were experiencing a significant rise.