TD Cowen Cuts Texas Instruments (TXN) Price Target to $330

TD Cowen maintained its Buy rating on Texas Instruments Incorporated [TXN] on October 19, 2026, while trimming its price target from $340.00 to $330.00. The research note arrived just ahead of the semiconductor maker's scheduled financial update.

TXN Texas Instruments Incorporated

$276.48 ▲ +58.37% year to date

1M 3M YTD

Daily close · Oct 16, 2026

TD Cowen's Call on Texas Instruments

In its October 19, 2026 research note, TD Cowen kept its favorable stance on the Dallas-based chip designer. The firm nudged down its target price to $330.00 from $340.00.

Other Institutional Activity in Texas Instruments

Large institutional funds have adjusted their positions in the semiconductor stock recently. Banque Pictet & Cie trimmed its holdings by 669,453 shares, ending with 844,012 shares valued at roughly $236.4 million. James Hambro & Partners grew its holdings by 12,556 shares, ending with 490,504 shares worth about $137.4 million. Meanwhile, Bank Of New York Mellon Corporation reduced its stake by 1,343,361 shares, holding 15,059,099 shares valued at about $4.2 billion.

Texas Instruments Incorporated Stock Down 0.1%

Texas Instruments shares recently traded around $276.12, sitting near the $276.15 close recorded on October 19, 2026. The stock trades above its 50-day moving average of $272.11 and comfortably above its 200-day moving average of $254.79. Even after a pullback from its 52-week high of $334.03, the equity remains well above its 52-week low of $152.73. The recent price sits below TD Cowen's updated $330.00 target and the broader analyst mean target of $324.39.

Recent Earnings

Texas Instruments reported trailing-twelve-month revenue of $19.45 billion and earnings of $6.57 per share. The company posted a net profit margin of 31.1% and a return on equity of 35.2%, with year-over-year revenue growth reaching 22.8%. The company's next earnings update is scheduled for October 21, 2026.

Dividend

Texas Instruments pays an annual dividend rate of $6.08 per share, yielding 2.2% with a payout ratio of 85.5%.

Insider Buying and Selling at Texas Instruments Incorporated

Company insiders completed several transactions earlier in the year. Officer Ahmad Bahai sold 5,000 shares on May 14, 2026, at an average price of $309.13 for a total value of about $1.5 million. Chief Financial Officer Rafael R. Lizardi sold 47,734 shares on May 14, 2026, valued at approximately $14.7 million. Director Martin S. Craighead sold 10,000 shares on May 28, 2026, worth about $3.2 million, and officer Tsedeniya Abraham sold 7,000 shares on August 27, 2026, for roughly $1.9 million.

Analysts Set New Price Targets

Several research firms updated their outlooks on the semiconductor firm prior to TD Cowen's note. Bernstein maintained a Market Perform rating with a $290.00 target on July 23, 2026, while JP Morgan kept an Overweight rating and raised its target to $340.00 on the same day. Rosenblatt maintained a Buy rating with a $350.00 target on July 24, 2026. Cantor Fitzgerald reiterated a Neutral rating with a $340.00 target on August 17, 2026. Wall Street maintains a general consensus buy rating on the stock with 31 analyst opinions contributing to the outlook.

About Texas Instruments

Texas Instruments designs and manufactures analog and embedded processing semiconductors for electronic equipment makers worldwide. Headquartered in Texas, the company supplies components used across industrial, automotive, personal electronics, and communication infrastructure markets. Its broad product portfolio makes its performance a key barometer for wider semiconductor sector health.

Bottom Line

Investors will look to the upcoming earnings report on October 21, 2026, for fresh details on chip demand and profit margins. Watch how the stock reacts relative to TD Cowen's new $330.00 target.