UBS cuts target to USD 360 for Texas Instruments stock

Published on 10/23/2026 at 11:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 28.00 percent to USD 6.06 billion. Texas Instruments stock costs EUR 251.95 on October 23, 2026, 0.80 percent above the Xetra close.

Analyst view and operating results

UBS lowered its target from USD 380.00 to USD 360.00 on October 23, 2026.
Third-quarter revenue reached USD 6.06 billion, up 28.00 percent year over year.
Texas Instruments stock traded at EUR 251.95 at 11:06 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.80 percent above the Xetra close.

Schwarzweiß-Reportagefoto eines Ingenieurs mit Silizium-Wafer in der Halbleiterfabrik — Texas Instruments (US8825081040) dokumentiert in Schwarzweiß einen Ingenieur, der einen Silizium-Wafer in der Fabrikhalle begutachtet, Illustration mit AI erstellt.

Texas Instruments (ISIN US8825081040) was trading at EUR 251.95 at Lang & Schwarz on October 23, 2026 at 11:06 a.m. CEST, 0.80 percent above the Xetra close of October 22, 2026 at EUR 249.95. According to Investing.com on October 23, 2026, UBS lowered its Texas Instruments target from USD 380.00 to USD 360.00 while maintaining a Buy rating.

Third-quarter results reset the bar

The analyst move followed Texas Instruments' third-quarter report dated October 21, 2026. The company reported revenue of USD 6.06 billion for the quarter ended September 30, 2026, up 28.00 percent from USD 4.74 billion a year earlier, according to Texas Instruments. Net income rose 78.00 percent to USD 2.43 billion, while diluted earnings per share increased 77.00 percent to USD 2.62.

The operating figures show where the improvement was concentrated. Analog revenue increased 32.00 percent to USD 4.91 billion, and Embedded Processing revenue grew 21.00 percent to USD 858.00 million. Operating profit reached USD 2.87 billion, up 73.00 percent year over year.

What does the guidance imply?

Texas Instruments guided for fourth-quarter revenue of USD 5.80 billion to USD 6.30 billion and earnings per share of USD 2.45 to USD 2.79. The revenue midpoint of USD 6.05 billion sits 0.17 percent below third-quarter revenue of USD 6.06 billion, putting the next quarter's execution against a high recent base.

The company also reported trailing-twelve-month operating cash flow of USD 9.90 billion and non-GAAP free cash flow of USD 8.42 billion through September 30, 2026. It invested USD 2.60 billion in capital expenditures over that period and said its 2026 capital spending plan remains USD 2.00 billion to USD 3.00 billion.

Stock price and valuation context

The euro quotation remains below the 52-week high of EUR 291.50 and above the 52-week low of EUR 132.34, based on the October 23, 2026 quote context. Texas Instruments is listed on Nasdaq under ticker TXN and operates in analog and embedded processing semiconductors for industrial, automotive, data-center and personal-electronics markets.

At Lang & Schwarz, Texas Instruments was trading intraday at EUR 251.95 on October 23, 2026 at 11:06 a.m. CEST, up 0.80 percent versus the Xetra close of October 22, 2026 at EUR 249.95. The further course of trading is shown by the continuously updated real-time quote of Texas Instruments stock.