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TXN · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Texas Instruments Incorporated (TXN) stock moving?
TXN closed at $300.52 on Nov 10, up 1.6% from $295.73 on Nov 9 but still about 5% below its Nov 4 high of $317.20. The stock fell 10.7% on Nov 5 (from $311.49 to $278.15) on 19.2M shares, roughly double the typical daily volume, and no news item in this set explains that drop. The recovery on Nov 9 and 10 came on lower volume. Fundamentals from the Oct 21 Q3 release are strong: revenue of $6.06B rose 28% year over year, EPS of $2.62 rose 77%, and trailing free cash flow reached $8.4B. The Q4 guidance midpoints (revenue about $6.05B, EPS about $2.62) are roughly flat sequentially, which tempers the growth read. Analyst views are split: Arete raised its target to $422 from $381 on Nov 10, while DZ Bank moved to Hold with a $300 target, close to the current price. Insider selling totaled over $4.5M from several directors in late October, plus a separate $1.83M sale. The $2B note issuance at coupons of 5.000% to 5.750% gives TI funding capacity, though it carries higher borrowing costs. Product news (industrial communications modules, CCStudio agentic AI tools) is incremental.
News behind the analysis
- Arete Adjusts Price Target on Texas InstrumentsArete raised its price target on Texas Instruments to $422 from $381.
- Texas Instruments Issues $2 Billion of Notes Due 2028–2036TI completed a $2 billion note issuance across four maturities from 2028 to 2036, with coupons of 5.000% to 5.750% according to the 8-K filed for Nov 9 settlement.
- Texas Instruments Enhances CCStudio Ecosystem with Agentic AI CapabilitiesTI added agentic AI features to its CCStudio development tools to speed embedded software work on microcontrollers, wireless and radar devices.
- Texas Instruments Launches TICS100MOD, Industry's Smallest Fully Featured Multiprotocol Module, And TIOM2212 IO-Link MasterTI launched a compact multiprotocol communications module and an IO-Link master aimed at industrial Ethernet integration.
- Texas Instruments Celebrates 70 Years of Operations in EuropeTI marked 70 years of operations in Europe, highlighting its long-standing presence and customer collaboration in the region.
- Texas Instruments Director Executes Share SaleDirector Kirk Ronald sold 6,065 shares worth about $1.88 million.
- Texas Instruments Insiders Sell Shares Worth Over $4.5 MillionMultiple directors, including Robert E. Sanchez, Pamela H. Patsley and Janet F. Clark, sold TI shares in late October 2026, totaling over $4.5 million.
- DZ Bank Upgrades Texas Instruments to Hold From SellDZ Bank upgraded TI from Sell to Hold and set a price target of $300.
- TI reports third quarter 2026 financial results and shareholder returnsTI reported Q3 revenue of $6.06B (up 28% year over year), EPS of $2.62 and free cash flow of $8.4B over 12 months, and guided Q4 revenue to $5.80B–$6.30B with EPS of $2.45–$2.79.
About Texas Instruments Incorporated
Texas Instruments is a Dallas-based chipmaker that designs and makes analog and embedded processing chips, which go into industrial equipment, cars, data centers, and consumer electronics. It stands out because it makes most of its chips in its own factories, many of them using 300mm wafers, and it has a long record of paying dividends (23 straight years of increases). It has also agreed to buy Silicon Labs for about $7.5 billion, a deal expected to close in the first half of 2027.
How it makes money
Most of its revenue comes from selling analog chips, such as power-management and signal-processing parts, which make up roughly three-quarters of sales. Embedded processors, such as microcontrollers, bring in most of the rest, and a small 'Other' segment covers products like calculators. Its customers span tens of thousands of industrial, automotive, data-center, communications, and personal-electronics companies. Annual revenue over the last twelve months was about $21 billion.
What usually moves TXN
- Industrial and automotive chip demand cycles
- Data-center and AI power-related demand
- Factory use rates and gross margins
- Capital spending on new fabs and CHIPS Act incentives
- Silicon Labs acquisition and dividend/buyback policy