TXN TEXAS INSTRUMENTS INC

Price Chart

Executive Summary

B of A Securities upgraded Texas Instruments (TXN) from Underperform to Neutral on January 28, 2026, raising the price target to $235 from $185, a 27% increase. The firm's accuracy on TXN is 50% (2 of 4 calls), below the average for covering firms, but its average return of 14% is among the highest. Consensus on TXN is mixed: 18 Buy (including Strong Buy), 24 Hold, and 3 Sell/Strong Sell out of 45 analysts. The mean price target is $290.33, median $300, with a high of $400 and low of $200; the current price of $305.68 trades above the mean, implying 5.0% downside to the mean. Momentum is positive with 1 upgrade and 0 downgrades in the last 30 days, and EPS revisions are overwhelmingly upward (22 up, 0 down for the current quarter). Insider selling is heavy, with five executives selling over $18.5M in May 2026, including CFO Rafael Lizardi ($9.9M). Institutional activity is mixed: Bank of America trimmed 39.4%, while Norges Bank exited and Renaissance Technologies initiated new positions. Short interest is elevated at 55.2% of float, suggesting bearish positioning. The upgrade from Underperform to Neutral is a modest positive, but the stock trades well above the new PT, limiting upside conviction.

Impact Score

Consensus & Targets

Consensus: 7 Strong Buy, 11 Buy, 24 Hold, 2 Sell, 1 Strong Sell — 40% Buy, 53% Hold, 7% Sell. The consensus is tilted toward Hold, reflecting cautious optimism. B of A's Neutral rating aligns with the majority Hold view.

Mean PT $290.33, median $300, high $400, low $200. Current price $305.68 trades 5.3% above the mean, implying limited upside to consensus. B of A's $235 PT is 19% below the mean and 23% below the current price, making it one of the most bearish targets among covering firms.

Recent Analyst Activity

30-day analyst activity: 1 upgrade (B of A), 0 downgrades. EPS revisions are strongly positive: 22 upward revisions vs 0 downward for the current quarter, and 29 up vs 0 down for the current fiscal year. Estimates are being revised higher across all periods.

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.

B of A Securities has a 50% accuracy rate on TXN (2 correct out of 4 calls) with an average return of 14%, which is above average despite low accuracy. Top-tier firms on TXN include Baird (80% on 5 calls, avg return 10.2%) and JP Morgan (80% on 5 calls, avg return 8.6%). Worst-performing: TD Cowen (50% on 4 calls, avg return -0.8%).

Earnings Estimates

Next earnings: Jul 20, 2026

Cross-Platform Signals

Insider trades: 5 sales totaling ~$18.5M in May 2026, including CFO Lizardi ($9.9M) and CEO Bahai ($1.5M) — a bearish signal. Congressional activity: one buy (Rep. Kean, $1K-$15K) and one sell (Rep. Hern, $500K-$1M). Institutional: Bank of America trimmed 39.4%, Norges Bank exited, while Two Sigma doubled (2707% increase) and Renaissance initiated. Short interest is 55.2% of float, extremely high, indicating heavy bearish positioning. The insider selling and high short interest diverge from the positive EPS revision trend.

Documents Analyzed

Report based on filing metadata.

US Market Status