TXN - Texas Instruments Inc

NASDAQ · Technology · Semiconductors

$301.12

Market Closed

End of day · Jun 12, 2026, 12:00 AM

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Bear

About

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. The Analog segment 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 converters, power switches, linear regulators, voltage references, and lighting products. This segment also provides signal chain products that sense, condition, and measure signals to allow information to be transferred or converted for further processing and control, including amplifiers, data converters, interface products, motor drives, clocks, and logic and sensing products. The Embedded Processing segment offers microcontrollers that are used in electronic equipment; digital signal processors for mathematical computations; and applications processors for specific computing activity. This segment offers products for use in various markets, such as industrial, automotive, personal electronics, communications equipment, enterprise systems, and calculators and other. The company also provides DLP products primarily for use in project high-definition images; calculators; and application-specific integrated circuits. It markets and sells its semiconductor products through direct sales and distributors, as well as through its website. Texas Instruments Incorporated was founded in 1930 and is headquartered in Dallas, Texas.

https://www.ti.com

TXN - Texas Instruments Inc

Technology

TXN has had a wild ride over the last year. If you look at the chart, you see a pretty choppy trend: sharp drops from last summer, then a decent attempt at a recovery, only to slump again into the fall. That November low below 160 was brutal. But since the winter, the pace has totally changed. It started grinding up, and recently the move to 285 was way stronger than I'd expected for a stock like this. I'm leaning bearish at this level. At 302.73, TXN is pricing in a lot of good news and I don't see much margin for error. The demand recovery in analog chips is happening, but inventory corrections aren't done yet and I think there are still a couple quarters of choppy orders ahead. Margins look stretched right now and any slip in end market demand (especially industrials) could easily lead to a guide down. One risk is that TXN surprises with stronger than expected orders from auto or defense, which have been kind of a wild card in the past. Also, multiple expansion has been a thing across the sector, so maybe the market shrugs off any softness for a while. But from here I expect some mean reversion. I'm setting my near term target at 255.00, which is about where things stabilized back in April and fits if multiples reset a bit. The next major catalyst is earnings in a few weeks. If they talk soft on the call or push back their guidance for a full recovery, I think we'll see 255 fairly quickly. I don't like shorting the sector in general, but this run feels overextended and I'd rather be on the sidelines or short than trying to squeeze out the last drops.

Entry

$302.73

Below

$255.00

Jun 15, 2026

Karma

130 to 18065

Bearish

Open

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