Morgan Stanley Raises TXN Price Target to $278

On October 22, 2026, Morgan Stanley maintained its Underweight rating on Texas Instruments Incorporated (NASDAQ: TXN) while raising its price target to $278.00 from $255.00. The research note arrived alongside a wave of target adjustments from other major Wall Street firms covering the semiconductor company.

TXN Texas Instruments Incorporated

$284.65 ▲ +63.05% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Morgan Stanley's Call on Texas Instruments

In its October 22 update, Morgan Stanley kept an Underweight view on the chipmaker. The firm moved its price target up to $278.00 from $255.00. Underweight ratings typically signal that an analyst expects the stock to trail the broader market or sector performance over the coming months.

Other Institutional Activity in Texas Instruments

Large institutional funds adjusted their holdings earlier in the year. Bank Of New York Mellon Corporation reduced its position by 1,343,361 shares, ending the period with 15,059,099 shares valued at $4,257,809,504.

Texas Instruments Incorporated Stock Up 1.2%

Texas Instruments shares closed at $282.74 on October 22, 2026. The stock recently traded around $281.02, putting it about 0.6% below that event close. The recent price sits roughly 3.3% above its 50-day moving average of $272.12 and about 9.8% above its 200-day moving average of $255.83. Shares trade roughly 15.9% below their 52-week high of $334.03 and about 84.0% above their 52-week low of $152.73.

Recent Earnings

Texas Instruments generated trailing twelve-month revenue of $19,452,999,680. The business reported trailing earnings of $7.71 per share, alongside a net profit margin of 31.1% and a return on equity of 35.2%.

Dividend

Texas Instruments pays an annual dividend rate of $6.08 per share. The payout yields 2.14% based on a dividend payout ratio of 85.5%.

Insider Buying and Selling at Texas Instruments Incorporated

Company insiders completed several stock sales earlier in the year. On May 14, 2026, officer Ahmad Bahai sold 5,000 shares at an average price of $309.13, totaling $1,545,636. On the same day, Chief Financial Officer Rafael R Lizardi disposed of 47,734 shares for a total value of $14,706,996. Later, on May 28, 2026, director Martin S Craighead sold 10,000 shares worth $3,204,289. Finally, officer Tsedeniya Abraham sold 7,000 shares on August 27, 2026, for a total of $1,852,413.

Analysts Set New Price Targets

Several other Wall Street firms updated their views on October 22, 2026. Barclays maintained its Equal-Weight rating while lifting its target from $250.00 to $280.00. JP Morgan kept an Overweight rating and raised its target from $340.00 to $365.00. Stifel maintained a Buy rating with a target moved to $370.00 from $360.00. Rosenblatt also maintained a Buy rating, lifting its price target from $350.00 to $360.00. Overall, the stock carries a consensus buy recommendation from 28 analysts with a mean price target of $331.11.

About Texas Instruments

Texas Instruments designs, manufactures, and sells analog and embedded processing semiconductors to electronics makers across the globe. Headquartered in Dallas, Texas, the company supplies components used in industrial, automotive, personal electronics, and enterprise systems.

Bottom Line

Investors tracking Texas Instruments will want to watch how the stock performs relative to its consensus target and moving averages. The divergence between Morgan Stanley's cautious Underweight stance and the broader market's generally positive outlook highlights differing views on the semiconductor sector's near-term path.