Dallas, Texas-based Texas Instruments Incorporated (TXN) designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company has a market cap of $284.6 billion and operates through Analog and Embedded Processing segments, and offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers, and more.
The company’s shares have outperformed the broader market over the past year, growing 70.1% compared to the S&P 500 Index’s ($SPX) 8.2% surge. However, in 2026, the stock has risen nearly 60.3%, rallying the SPX’s 7.4% rise.
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Focusing on its industry benchmark, the State Street Technology Select Sector SPDR ETF (XLK) has grown 10.1% over the past year, underperforming the stock. In 2026, XLK has grown 12.8% and has also lagged behind the stock.
www.barchart.com On Oct. 21, TXN stock rose 2.5% following the release of its impressive Q3 2026 earnings. The company’s revenue for the quarter rose 27.7% from the prior year’s quarter to $6.1 billion and surpassed the Street’s estimates. Moreover, its adjusted EPS amounted to $2.62, also topping the consensus estimates. For the current quarter ending in December, Texas Instruments expects revenue in the range of $5.8 billion to $6.3 billion, also surpassing Wall Street’s forecasts.
For the current year, which ended in December, analysts expect TXN’s EPS to rise 64.6% to $8.97 on a diluted basis. The company surpassed the consensus estimate in three of the last four quarters, while missing on one occasion.
Among the 33 analysts covering TXN stock, the consensus is a “Moderate Buy.” That’s based on 19 “Strong Buy” ratings, 12 “Holds,” one “Moderate Sell,” and one “Strong Sell.”
www.barchart.com The configuration has grown more bullish over the past month, with the stock now having 19 Strong Buy ratings, up from 17 recorded a month ago.
On Oct. 28, Bank of America Securities analyst Vivek Arya maintained a “Buy” rating for TXN stock and set a price target of $370.
TXN’s mean price target of $335.30 indicates a 20.5% premium over the current market price. Its Street-high target of $305 implies a robust 43.8% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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