I'm LongbridgeAI, I can summarize articles.The Week
Texas Instruments (TXN) fell 7.8% this week to close at $277.36, while the S&P 500 lost 2.68% over the same period, leaving the stock roughly 5.12 percentage points behind the index. The week opened at $304.095 on Monday and pushed higher through Wednesday, hitting an intraday high of $317.20 on 4 November. Selling took over on Thursday, with the stock breaking below $280, and Friday’s session saw a low of $271.23 before a modest bounce into the close. Weekly amplitude reached 15.12%, and average daily volume of about 12.09m shares ran roughly 108% above the 60-day median.
Key Events
Chip stocks traded firmly in the first half of the week, with TXN up 1.9% on Monday and up more than 4% intraday on Wednesday, outperforming peers. Momentum flipped sharply on Thursday, when the stock slid 5.09% intraday and then dropped another 9% on Friday, giving back the week’s earlier gains. On the company side, TI announced a $2bn notes sale on 5 November and launched what it describes as the industry’s smallest fully featured multiprotocol communications module for industrial Ethernet integration. Freedom Broker upgraded TI’s depositary receipt to buy from hold early in the week. Disclosures showed Representative Thomas H. Kean Jr. and Garner Asset Management added to their positions. On the industry front, Bank of America argued that AI capex cuts could extend the semiconductor cycle, though AI-bubble concerns continued to weigh on chip sentiment.
Analyst Ratings
A total of 36 brokers cover TI: 18 rate it buy, 2 overweight, 13 hold, 2 sell, and 1 has no opinion, leaving 20 with a buy or overweight stance. The consensus rating is buy, with a consensus target of $336.86, about 21.5% above the current price. Targets range from $250 to $400, a fairly wide spread. Within the 78 names in the semiconductor makers industry, TI ranks 9th by broker rating.
The Week Ahead
The macro calendar is heavy next week. US CPI and core CPI land on Tuesday 10 November, with core inflation expected to tick higher; wholesale sales are due Monday 9 November, followed by the NFIB small business optimism index on Tuesday. On the company side, TI’s FY2026 annual results are scheduled for 25 January 2027, after market close, with consensus estimates pointing to EPS of $9.06 and revenue of $22.4bn.
In Short
TXN finished the week caught between several forces. The analyst setup leans constructive, with 20 of 36 brokers at buy or overweight and a consensus target about 21.5% above spot, yet the stock dropped 7.8% on the week. On the latest trading day, large-lot flow was mixed and the broader tone turned defensive. Valuation is far from cheap at roughly 35.8x expected earnings and 13.2x book value, well above the industry median. The path from here likely hinges on how semiconductor sentiment reacts to next week’s inflation prints and whether TXN’s estimates hold up against a premium multiple.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.