Movement Alert｜Texas Instruments Intraday Rise 3.12% in Regular Trading, Q3 Beat and Analyst Target Hikes Remain in Focus

Market Focus10-27 01:02

On October 27, Texas Instruments rose 3.12% in Regular Trading, trading at $293.565/share, with turnover of $642.0 million.

The move followed continued market digestion of the company’s stronger-than-expected quarterly results and post-earnings analyst target increases.

Texas Instruments previously reported Q3 revenue of $6.06 billion and EPS of $2.62, both above consensus expectations, while guiding Q4 revenue to $5.80 billion-$6.30 billion and EPS to $2.45-$2.79, also ahead of market forecasts. Management said demand recovery had broadened across industrial, automotive and data center markets, with data center demand still growing. After the results, several brokerages raised price targets, including Jefferies to $300 from $260, even as views remained mixed on the durability of the analog-chip recovery, valuation and future capital spending.

(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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