Weekly Recap | Texas Instruments -0.77%, consensus target above spot
I'm LongbridgeAI, I can summarize articles.Texas Instruments (TXN) fell 0.77% this week to close at $266.64, underperforming the S&P 500, which slipped 0.08%, by about 0.69 percentage points. The week was choppy: Monday opened at $256.78, a low for the week, then recovered to $263.42. Selling resumed through Thursday, when the stock touched $257.095 and closed at $258.14. Friday reversed strongly to $266.64, narrowing the gap to the week’s high of $268.28.
The Week
Texas Instruments (TXN) fell 0.77% this week to close at $266.64, underperforming the S&P 500, which slipped 0.08%, by about 0.69 percentage points. The week was choppy: Monday opened at $256.78, a low for the week, then recovered to $263.42. Selling resumed through Thursday, when the stock touched $257.095 and closed at $258.14. Friday reversed strongly to $266.64, narrowing the gap to the week’s high of $268.28.
Key Events
The main company-specific news this week was Thursday after-market, when TI announced a 7% dividend increase to $1.52 per share, marking 23 consecutive years of growth. Monday brought early pressure, with a 4.48% pre-market drop and a sharp intraday decline, but the stock stabilised from Tuesday and outperformed peers on Friday with a 3.29% gain. There was no major fundamental news beyond the dividend; the action was mostly about relative strength within the semiconductor space.
Analyst Ratings
Of 37 covering brokers, 17 rate the stock a buy, 3 overweight, 14 hold, 2 sell, and 1 has no opinion. The consensus rating is buy, with a consensus target of $324.71, about 21.78% above the latest close. Targets range from $225 to $400, reflecting a wide spread of views. Among 78 semiconductor companies, TXN ranks 10th in analyst coverage.
The Week Ahead
Next week’s macro calendar is back-loaded: Richmond Fed composite index on 22 September, EIA weekly crude and Cushing inventories on 23 September, and initial jobless claims, current account balance, new home sales, and EIA natural gas storage on 24 September. These may influence risk appetite for semiconductor names, but direct catalysts for TXN remain limited; the focus is on whether the sector can hold relative strength.
In Short
Broker ratings skew positive and the consensus target sits about a fifth above spot, while two decades of dividend growth offer support. Set against that, valuation is not cheap at roughly 40x P/E and 13.5x P/B, and the latest session showed large orders on the sell side while smaller traders stepped in. The next test is whether semiconductor direction and fund flows re-align once next week’s macro data lands.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.