Texas Instruments Falls as Downgrade and Chip-Sector Weakness Weigh on Shares

Texas Instruments Incorporated (TXN) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a negative shift in Wall Street sentiment after a recent double downgrade that argued Texas Instruments has less upside than other chip names in the current cycle. The drop also appears consistent with broader semiconductor volatility, as investors have recently been rotating out of some chip stocks on valuation and AI-spending concerns rather than reacting to a fresh company-specific miss.

Details:

A recent analyst note cut TXN to sell from buy and sharply lowered the price target, citing weaker execution through the cycle and less leverage to the current semiconductor upturn than peers.

Texas Instruments’ latest quarterly filing and earnings release were not obviously negative: second-quarter revenue rose to $5.46 billion, earnings per share reached $2.14, and management guided third-quarter revenue to $5.65 billion to $6.15 billion.

The company’s recent shareholder-return profile remained active, with dividends continuing and trailing free cash flow improving, which suggests today’s move is more likely tied to valuation and positioning than a deterioration in the latest reported fundamentals.

Recent trading across the chip group has been choppy as investors reassess AI-related spending, sector valuations, interest-rate pressure, and other macro risks, which could be amplifying the pullback in TXN.

Sources:

Texas Instruments, TipRanks, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TXN Insider Trading Activity

$TXN insiders have traded $TXN stock on the open market 31 times in the past 6 months. Of those trades, 0 have been purchases and 31 have been sales.

Here’s a breakdown of recent trading of $TXN stock by insiders over the last 6 months:

RAFAEL R LIZARDI (Sr. Vice President & CFO) has made 0 purchases and 6 sales selling 88,275 shares for an estimated $25,824,552.
MOHAMMAD YUNUS (Sr. Vice President) has made 0 purchases and 3 sales selling 51,098 shares for an estimated $13,818,950.
MARK T. ROBERTS (Sr. Vice President) has made 0 purchases and 2 sales selling 28,080 shares for an estimated $7,871,934.
HAVIV ILAN (Chairman, President & CEO) sold 20,000 shares for an estimated $5,606,450
SHANON J LEONARD (Sr. Vice President) sold 18,189 shares for an estimated $5,055,707
AMICHAI RON (Sr. Vice President) sold 18,365 shares for an estimated $5,003,213
MARK A BLINN has made 0 purchases and 3 sales selling 15,000 shares for an estimated $4,162,689.
MARK GARY (Sr. Vice President) sold 13,689 shares for an estimated $3,822,671
MARTIN S CRAIGHEAD has made 0 purchases and 2 sales selling 10,000 shares for an estimated $3,204,288.
JULIE C. KNECHT (VP & Chief Accounting Officer) has made 0 purchases and 2 sales selling 9,956 shares for an estimated $2,774,786.
CARRIE SMITH COX has made 0 purchases and 2 sales selling 8,838 shares for an estimated $2,708,028.
AHMAD BAHAI (Sr. Vice President) has made 0 purchases and 2 sales selling 8,660 shares for an estimated $2,527,995.
KATHARINE KANE (SVP and General Counsel) has made 0 purchases and 2 sales selling 6,125 shares for an estimated $1,656,283.
PAMELA H PATSLEY sold 4,306 shares for an estimated $1,188,918
TODD M BLUEDORN sold 4,306 shares for an estimated $1,180,929
CHRISTINE WITZSCHE (Sr. Vice President) sold 3,625 shares for an estimated $998,770

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$TXN Hedge Fund Activity

We have seen 1,550 institutional investors add shares of $TXN stock to their portfolio, and 1,145 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 32,449,245 shares (+inf%) to their portfolio in Q2 2026, for an estimated $9,672,146,457
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 21,171,749 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,310,663,224
INVESCO LTD. added 19,565,560 shares (+107.4%) to their portfolio in Q2 2026, for an estimated $5,831,906,469
D. E. SHAW & CO., INC. removed 6,463,794 shares (-86.2%) from their portfolio in Q2 2026, for an estimated $1,926,663,077
CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 4,755,927 shares (-18.3%) from their portfolio in Q2 2026, for an estimated $1,417,599,160
CAPITAL RESEARCH GLOBAL INVESTORS removed 3,258,886 shares (-36.6%) from their portfolio in Q2 2026, for an estimated $971,376,150
SG AMERICAS SECURITIES, LLC added 3,038,283 shares (+inf%) to their portfolio in Q2 2026, for an estimated $905,621,013

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TXN Congressional Stock Trading

Members of Congress have traded $TXN stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $TXN stock by members of Congress over the last 6 months:

REPRESENTATIVE THOMAS H. KEAN, JR. purchased up to $15,000 on 04/14.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
REPRESENTATIVE KEVIN HERN sold up to $1,000,000 on 03/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$TXN Price Targets

Multiple analysts have issued price targets for $TXN recently. We have seen 20 analysts offer price targets for $TXN in the last 6 months, with a median target of $307.5.

Here are some recent targets:

C.J. Muse from Cantor Fitzgerald set a target price of $340.0 on 06/29/2026
Timothy Arcuri from UBS set a target price of $350.0 on 06/29/2026
Tore Svanberg from Stifel set a target price of $360.0 on 06/24/2026
Christopher Danely from Citigroup set a target price of $345.0 on 06/15/2026
Joe Quatrochi from Wells Fargo set a target price of $300.0 on 06/09/2026
Vivek Arya from B of A Securities set a target price of $370.0 on 05/26/2026
Jay Goldberg from Seaport Global set a target price of $400.0 on 05/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.