Movement Alert｜Texas Instruments Rises 3.04% in Regular Trading, Semiconductor Sector Rebounds Broadly After Prior Session Selloff

Market Focus08-04 21:53

On August 4, Texas Instruments rose 3.04% in regular trading, trading at $279.33 USD/share, with turnover of $241 million. The semiconductor sector staged a broad rebound following the prior session's pullback, with Marvell Technology up 11.85%, Intel up 7.79%, Micron Technology up 7.05%, Advanced Micro Devices up 6.09%, and NVIDIA up 1.98%.

Texas Instruments had declined 3.11% the previous session amid sector-wide profit-taking pressure, despite its Q2 results showing revenue of $5.46 billion (up 23% YoY) and EPS of $2.14, both significantly beating estimates. Multiple institutions have recently raised price targets, with Arete upgrading to Buy with a $405 target, UBS raising to $380, and JPMorgan raising to $340, reflecting confidence in the broadening recovery across automotive, industrial, and data center end markets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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