TXN TEXAS INSTRUMENTS INC
Price Chart
Executive Summary
B of A Securities upgraded Texas Instruments (TXN) two notches from Underperform to Neutral on January 28, 2026, as part of a 15-firm analyst cluster. The firm raised its price target 27% to $235, but the new target implies 16% downside from the current price of $281.08. B of A has a 54% accuracy rate on 3,282 calls and a 5.1% average return. Consensus is hold-skewed with 50% Hold ratings; mean price target is $274.94, slightly below the current price. EPS revisions have been sharply higher over the past 30 days, with 22 upward revisions for the current quarter and 27 for the fiscal year. However, insider selling is heavy—five executives sold over $10M in the past week—and short interest is elevated at 56%. The upgrade removes a bearish outlier but does not signal strong conviction, as the new target lags both the market price and consensus. With earnings due July 20, traders should weigh the positive revision momentum against the bearish internal and derivative signals.
Impact Score
Consensus & Targets
Among 44 analysts covering TXN, 16 (36%) rate Buy, 22 (50%) rate Hold, and 6 (14%) rate Sell. The consensus is hold-skewed, with B of A's move to Neutral aligning with the majority view.
Mean price target is $274.94, median $276.50, high $330, low $200. Current price $281.08 is 2.2% above the mean target, implying slight downside. B of A's $235 target is the 6th lowest among 32 analysts and well below the consensus mean.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-04-23 | UBS | maintain | Buy | $295.00 |
| 2026-04-23 | Citigroup | maintain | Buy | $280.00 |
| 2026-04-23 | JP Morgan | maintain | Overweight | $280.00 |
| 2026-04-23 | Jefferies | maintain | Hold | $260.00 |
| 2026-04-23 | Truist Securities | maintain | Hold | $278.00 |
| 2026-04-23 | TD Cowen | maintain | Buy | $300.00 |
| 2026-04-23 | Cantor Fitzgerald | maintain | Neutral | $280.00 |
| 2026-04-23 | Citigroup | maintain | Buy | $280.00 |
| 2026-04-23 | Stifel | maintain | Buy | $290.00 |
| 2026-04-23 | Evercore ISI Group | maintain | Outperform | $316.00 |
In the last 30 days, TXN has seen 4 upgrades and 0 downgrades. EPS revisions are strongly positive: for the current quarter, 22 revisions up vs 0 down in 30 days; for the fiscal year, 27 up vs 0 down. The current quarter EPS estimate rose from $1.56 to $1.92 in 30 days, and the fiscal year estimate jumped from $6.41 to $7.69.
Firm Track Record — B of A Securities
B of A Securities accuracy: 54% on 3282 calls | avg return: 5.1%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Baird | 80% | 4/5 | 10.2% | top tier |
| JP Morgan | 80% | 4/5 | 8.6% | top tier |
| Evercore ISI Group | 75% | 3/4 | 9.3% | top tier |
| Keybanc | 67% | 2/3 | 1.6% | top tier |
| Benchmark | 67% | 6/9 | 2.8% | top tier |
| Truist Securities | 67% | 6/9 | 3.8% | top tier |
| Stifel | 67% | 4/6 | 10.9% | top tier |
| Jefferies | 67% | 2/3 | 8.6% | top tier |
| Cantor Fitzgerald | 64% | 7/11 | 4.1% | top tier |
| Barclays | 60% | 3/5 | 8.6% | above average |
B of A Securities has a 54% accuracy rate on 3,282 analyst calls with an average return of 5.1%. On TXN specifically, they are 50% accurate (2 correct out of 4 calls). Compared to top-tier firms like Baird (80% on 5 calls) and JP Morgan (80% on 5 calls), B of A's track record is below average among covering firms.
Earnings Estimates
Next earnings: Jul 20, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1q | $2.12 | $1.86 — $2.34 | $5.6B | ↑20 ↓0 |
| 0y | $7.69 | $6.54 — $8.29 | $21.0B | ↑26 ↓0 |
| +1y | $8.84 | $7.13 — $12.00 | $23.1B | ↑26 ↓0 |
| 0q | $1.92 | $1.66 — $2.04 | $5.2B | ↑21 ↓0 |
Cross-Platform Signals
Insider trading shows heavy selling: 5 executives sold over $10M combined in the week ending April 29. A Republican congressman sold $500k–$1M in March. Institutional moves are mixed: Bank of America Corp trimmed 39.4% ($2B position), while Norges Bank took a new $2.5B stake. Short interest stands at 56.0% of float, signaling persistent bearish sentiment. This diverges sharply from the positive earnings revision trend and analyst upgrade activity.
Actionable Insight
The upgrade removes a bearish outlier, but with the PT below market, heavy insider selling, and high short interest, the stock faces headwinds. Traders should watch for earnings on July 20; the strong revision trend may support the stock, but the price is already above consensus targets.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
ANALYST-UPGRADE
| $208.94 awaiting T+1 | awaiting T+1 | — | $290.90 (+39.23%) |
|
Jun 2, 2026
7d ago
|
8-K
| $308.04 $304.96 | ▼ −1.00% | ▼ −1.40% | $290.90 (−5.56%) |
|
May 31, 2026
9d ago
|
ANALYST-UPGRADE
| $215.69 $218.93 | ▲ +1.50% | ▲ +1.69% | $290.90 (+34.87%) |
|
May 23, 2026
17d ago
|
ANALYST-UPGRADE
| $281.89 $277.06 | ▼ −1.71% | ▼ −2.50% | $290.90 (+3.20%) |
|
May 23, 2026
17d ago
|
ANALYST-UPGRADE
| $281.89 $277.06 | ▼ −1.71% | ▼ −2.50% | $290.90 (+3.20%) |
|
May 22, 2026
18d ago
|
ANALYST-UPGRADE
| $309.46 $323.83 | ▲ +4.64% | ▲ +4.06% | $290.90 (−6.00%) |
|
May 17, 2026
23d ago
|
ANALYST-UPGRADE
| $229.18 $233.57 | ▲ +1.92% | ▲ +2.11% | $290.90 (+26.93%) |
|
May 15, 2026
25d ago
|
Insider Cluster
| $299.77 $302.34 | ▲ +0.86% | ▲ +1.51% | $290.90 (−2.96%) |
|
May 11, 2026
4w ago
|
Insider Cluster
| $297.62 $294.65 | ▼ −1.00% | ▼ −0.86% | $290.90 (−2.26%) |
|
May 9, 2026
4w ago
|
ANALYST-UPGRADE
| $214.95 $214.54 | ▼ −0.19% | ▼ −0.13% | $290.90 (+35.34%) |
US Market Status
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