UBS Cuts Texas Instruments (TXN) Price Target to $360

UBS maintained its Buy rating on Texas Instruments Incorporated NASDAQGS:TXN on October 22, 2026, while lowering its price target from $380.00 to $360.00. The firm delivered its updated research note on the same day the broader chip sector saw a wave of target adjustments from major Wall Street houses.

TXN Texas Instruments Incorporated

$284.65 ▲ +63.05% year to date

1M 3M YTD

Daily close · Oct 21, 2026

UBS's Call on Texas Instruments

UBS kept its positive stance on the semiconductor firm while trimming its target by $20.00. The updated $360.00 target sits above where the shares recently traded, even as analysts across the board recalibrate their expectations for chip demand and profit margins.

Other Institutional Activity in Texas Instruments

Bank Of New York Mellon Corporation trimmed its holdings in the company by 1,343,361 shares, ending the period with 15,059,099 shares valued at about $4,209,018,170.

Texas Instruments Incorporated Stock Up 0.6%

The stock recently changed hands at $279.56 per share on October 22, 2026, matching its closing price of $279.50 on that date. Shares trade above both their 50-day moving average of $272.12 and their 200-day moving average of $255.83.

Recent Earnings

The analog chip producer reported trailing-twelve-month revenue of $19.45 billion alongside earnings of $7.71 per share. The company generated a net profit margin of 31.1% and a return on equity of 35.2%, backed by a year-over-year revenue growth rate of 22.8%.

Dividend

The company distributes an annual dividend rate of $6.08 per share, giving it a dividend yield of 2.14% based on 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 of $1,545,636. Chief Financial Officer Rafael R Lizardi disposed of 47,734 shares valued at $14,706,996 on the same day. Director Martin S Craighead later sold 10,000 shares for $3,204,289 on May 28, 2026, and officer Tsedeniya Abraham sold 7,000 shares worth $1,852,413 on August 27, 2026.

Analysts Set New Price Targets

Several other firms updated their views on October 22, 2026. Jefferies maintained a Hold rating and raised its target from $260.00 to $300.00. Freedom Broker upgraded the stock to a Buy rating with a target of $330.00, moving up from $260.00. Morgan Stanley maintained an Underweight rating and raised its target from $255.00 to $278.00. Barclays kept an Equal-Weight rating while lifting its target from $250.00 to $280.00. Across the broader analyst community, the stock holds a consensus buy rating with a mean price target of $331.11 from 28 analysts.

About Texas Instruments

Texas Instruments designs and manufactures analog and embedded processing semiconductors for electronic equipment manufacturers around the globe. The company serves industrial, automotive, personal electronics, and enterprise markets through its extensive product portfolio.

Bottom Line

UBS continues to back the semiconductor producer despite lowering its sights on the share price ceiling. Investors will watch upcoming earnings reports and supply trends to see if analog chip demand matches the confidence shown by the rating agency.