New York, Feb 10, 2026, 12:18 EST — Regular session
- Texas Instruments shares moved higher by midday, even as a major semiconductor ETF slipped slightly.
- U.S. stocks were mixed, retail-sales numbers coming in soft. Traders kept an eye on the latest jobs and inflation figures.
- Texas Instruments’ quarterly dividend lands Tuesday. Investors are also eyeing a capital-management webcast set for Feb. 24.
Texas Instruments Inc edged up 0.6% to $220.18 around midday Tuesday in New York, clawing back some ground after its earlier dip this week while chip stocks struggled to find direction.
Texas Instruments has long been seen as a gauge for the no-frills part of the chip sector—think analog and embedded semiconductors found in power grids, auto electronics, and manufacturing equipment. So, when shares shift, investors often read it as a signal about what’s happening in the industrial cycle.
The question hanging over February’s market chatter: Is the AI spending surge going to ripple out across the wider chip supply chain, or will most of that demand just pile up with a few big players? The debate’s only getting sharper.
Tuesday saw a split in U.S. stocks as December retail sales disappointed, holding steady instead of growing. Tech and communication services names weighed on both the S&P 500 and Nasdaq. “It’s really the retail sales data that’s come out below expectations,” said Charlie Ripley, vice president of portfolio management at Allianz Investment Management. 1
The iShares Semiconductor ETF edged 0.2% lower. Nvidia dropped roughly 0.4%. Analog Devices managed a 0.4% gain, and Microchip Technology jumped approximately 3.5%.
Texas Instruments has its regular shareholder-return signal out there. The company said it plans to pay a quarterly cash dividend of $1.42 per share on Feb. 10, with the record date set for Jan. 30. Details are in the Texas Instruments statement.
The real weight hanging over the stock is the deal. Texas Instruments last week announced a $231-per-share all-cash agreement to acquire Silicon Labs, valuing the transaction at about $7.5 billion in enterprise terms. The company plans to use existing cash and new debt to finance the purchase, which it aims to close in the first half of 2027, pending approvals. CEO Haviv Ilan described the move as “a significant milestone.” Over at Silicon Labs, CEO Matt Johnson said the deal should “accelerate innovation.” 2
The high premium built into the deal doesn’t leave much margin for error. Traders are still probing: is industrial demand actually making a comeback, or is this just a blip? Any risk-off move in rate-sensitive tech would only make things tougher.
Texas Instruments posted $4.42 billion in fourth-quarter revenue and $1.27 per share earnings in its late-January results. Its outlook for the first quarter: revenue between $4.32 billion and $4.68 billion. Management flagged significant capacity investments and a sizable cash return to shareholders over the past year. 3
Some on the Street are treating this as much a cycle play as an AI angle. “With the inventory correction … essentially complete, we believe the company is well positioned,” wrote Stifel’s Tore Svanberg after Texas Instruments’ outlook beat expectations, according to a Reuters note. 4
Looking ahead, Texas Instruments is set to hold a capital management review webcast on Feb. 24. CEO Ilan and CFO Rafael Lizardi will take the stage, outlining the company’s latest thinking on boosting free cash flow per share—essentially, what’s left after capital expenditures. More details are available from 5 .
