TXN TEXAS INSTRUMENTS INC

MIXED Impact: 3/10 ANALYST-UPGRADE
Processed 23d 19h ago SEC analyst-TXN-mizuho-20260417
Mizuho raised PT 34%: $160 → $215
Latest settled — T+20d ⚠ clustered
TXN ▲ +32.03% at T+20d
NEUTRAL call ✓ call won +32.03% · α vs SPY +27.96% · entry $229.18 → $302.59
Next anchor: T+60d in 5w
Last close $290.90 (close Jun 8) · +26.93% from $229.18 entry
Entry anchored
Apr 16, 03:59 PM ET
via Databento tick
T+1d
+1.92%
call +1.92% · α +2.11%
$233.57
settled 7w ago
T+5d
+20.89%
call +20.89% · α +20.34%
$277.06
settled 7w ago
T+20d
+32.03%
call +32.03% · α +27.96%
$302.59
settled 26d ago
T+60d
call — · α —
in 5w

Price Chart

Loading chart...

Executive Summary

Mizuho upgraded NVIDIA from Underperform to Neutral on April 17, 2026, raising its price target 34% from $160 to $215, though the new target remains 29% below the current $302.73. The call is a contrarian upgrade from a firm with a 52% accuracy rate on 2,227 calls and a 4.7% average return. Consensus is heavily bullish with 18 Buy ratings (56%) and 24 Hold (75% of total), but the stock trades 7% above the mean target of $283.94. Momentum is strong: 2 upgrades, 0 downgrades in 30 days, and EPS revisions are sharply higher — 29 upward revisions in the last 30 days for the current fiscal year. Insider selling is heavy and concentrated among C-suite executives, including $9.9M from CFO Lizardi and $5.6M from EVP Ilan Haviv, creating a bearish divergence with the analyst upgrade. Short interest at 56.2% of TRF volume is elevated, suggesting significant bearish positioning. The bottom line: Mizuho's upgrade is a notable reversal from its prior bearish stance, but the target is still well below market, and insider selling undermines conviction.

Impact Score

Base Score
2/7
LLM Adjustment
+1
Final Score
3/10

Consensus & Targets

Buy / Strong Buy
18 (40%)
Hold
24
Sell / Strong Sell
3
Total Analysts
32
Mean PT
$283.94
Median PT
$287.50
High PT
$340.00
Low PT
$200.00
Current Price
$302.73
Implied Upside
-6.2%

Consensus is 56% Buy (7 Strong Buy + 11 Buy), 75% Hold (24 Hold), 6% Sell (2 Sell + 1 Strong Sell) across 32 analysts. The consensus is clearly bullish, but the heavy Hold weighting (75%) indicates many analysts are cautious at current levels.

Mean target $283.94, median $287.50, high $340, low $200. Current price $302.73 is 7% above the mean and 5% above the median. Mizuho's $215 target is the second-lowest among all analysts, well below the low of $200. The firm is significantly below consensus.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-05-13 Cantor Fitzgerald maintain Neutral $300.00
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

30-day analyst activity: 2 upgrades, 0 downgrades. EPS revisions are strongly positive: 29 upward revisions in 30 days for the current fiscal year (0 down), and 28 up for next year (0 down). Current-quarter EPS estimates rose 22% from $1.57 to $1.92 in 30 days. Momentum is clearly bullish.

Firm Track Record — Mizuho

Mizuho accuracy: 52% on 2227 calls | avg return: 4.7%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs 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

Mizuho has a 52% accuracy rate on 2,227 calls with a 4.7% average return — below average among firms covering NVDA. Top-tier firms include Baird (80% on 5 calls, +10.2% avg return), JP Morgan (80% on 5, +8.6%), and Evercore ISI (75% on 4, +9.3%). Mizuho's track record is mediocre, reducing the weight of this upgrade.

Earnings Estimates

Next earnings: Jul 20, 2026

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
0y $7.67 $6.54 — $8.29 $21.0B ↑0 ↓0
+1y $8.89 $7.13 — $12.00 $23.3B ↑1 ↓0
0q $1.92 $1.66 — $2.04 $5.2B ↑21 ↓0
+1q $2.12 $1.86 — $2.34 $5.6B ↑20 ↓0

Cross-Platform Signals

Insider Trades (90d)
0 buys / 5 sells
Congressional
Kevin Hern (republican) — sell $500,001 - $1,000,000
Institutional
BANK OF AMERICA CORP /DE/ — trim (-39.4%)
Institutional
NORGES BANK — new
Institutional
TWO SIGMA INVESTMENTS, LP — doubled (2707.5%)
Short Interest
Short: 1,644,857 | Exempt: 8,482 | TRF Vol: 2,927,867 | Short Ratio: 56.2% | Off-exchange volume (dark pool + OTC)

Insider selling is heavy and concentrated: CFO Lizardi sold $9.9M, EVP Ilan Haviv sold $5.6M, and three other C-suite executives sold $1.5M-$2.6M each — all in May 2026. This is a strong bearish signal opposing the upgrade. Institutional activity is mixed: Bank of America trimmed 39.4% ($2B position), while Norges Bank opened a $2.5B new position and Renaissance Technologies opened $137M. Short interest at 56.2% of TRF volume is elevated, indicating significant bearish bets. Congressional: Rep. Kevin Hern (R) sold $500K-$1M in March.

Actionable Insight

Mizuho's upgrade is a contrarian reversal but lacks conviction given a target 29% below market and the firm's mediocre track record. Heavy insider selling and elevated short interest suggest caution — traders should not chase this call without additional bullish catalysts.

Documents Analyzed

Report based on filing metadata.

20 reports for TXN
Performance horizon
100% Hit rate 4 of 4 directional calls best @ T+20▲ +8.16%Apr 22, 2026
Filters
Rows
Reports for TXN — sortable, filterable
Type Now
Jun 8, 2026
1d ago
ANALYST-UPGRADE
MIXED ★ 2/10
$208.94 awaiting T+1awaiting T+1$290.90 (+39.23%)
Jun 2, 2026
7d ago
8-K
NEUTRAL ★ 3/10
$308.04 $304.96▼ −1.00%▼ −1.40%$290.90 (−5.56%)
May 31, 2026
9d ago
ANALYST-UPGRADE
NEUTRAL ★ 2/10
$215.69 $218.93▲ +1.50%▲ +1.69%$290.90 (+34.87%)
May 23, 2026
17d ago
ANALYST-UPGRADE
NEUTRAL ★ 4/10
$281.89 $277.06▼ −1.71%▼ −2.50%$290.90 (+3.20%)
May 23, 2026
17d ago
ANALYST-UPGRADE
MIXED ★ 3/10
$281.89 $277.06▼ −1.71%▼ −2.50%$290.90 (+3.20%)
May 22, 2026
18d ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$309.46 $323.83▲ +4.64%▲ +4.06%$290.90 (−6.00%)
May 17, 2026
23d ago
ANALYST-UPGRADE
MIXED ★ 3/10
$229.18 $233.57▲ +1.92%▲ +2.11%$290.90 (+26.93%)
May 15, 2026
25d ago
Insider Cluster
NEUTRAL ★ 2/10
$299.77 $302.34▲ +0.86%▲ +1.51%$290.90 (−2.96%)
May 11, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$297.62 $294.65▼ −1.00%▼ −0.86%$290.90 (−2.26%)
May 9, 2026
4w ago
ANALYST-UPGRADE
MIXED ★ 4/10
$214.95 $214.54▼ −0.19%▼ −0.13%$290.90 (+35.34%)
Showing 10 of 20

US Market Status

Market Closed — Opens in 5h 27m

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access