On August 3, Texas Instruments fell 3.11% in regular trading, trading at 266.52 USD/share, with turnover of $4.97 billion.
On the news front, although Texas Instruments previously reported Q2 revenue of $5.46 billion (up 23% YoY) and EPS of $2.14, both significantly beating expectations, the stock had already accumulated gains exceeding 70% year-to-date, with market expectations fully priced in. The stock has continued to face profit-taking pressure since the earnings release.
The broader semiconductor sector was under pressure on the same day, with Micron Technology down 3.63%, Intel down 2.69%, and Taiwan Semiconductor Manufacturing down 0.72%. The systematic industry-wide pullback further intensified selling pressure on individual names. Multiple investment banks had raised price targets following Q2 results, with UBS setting a $380 target and JPMorgan raising to $340, yet elevated valuations after the sharp rally have kept investors cautious.
(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.)
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