New York, Feb 12, 2026, 14:21 (EST) — Regular session in progress.
Shares of Texas Instruments Incorporated slipped 1.4% to $223.34 Thursday afternoon, paring back after hitting a session high of $229.40. The stock has ranged from $221.87 to $229.40, with trading volume reaching roughly 4.8 million shares at last check.
The drop comes after a solid run for the analog chipmaker, which ended the last session just shy of recent highs and sitting in the crosshairs of a wider retreat in growth names. Texas Instruments (TXN) jumped 2.6% Wednesday, finishing at $226.56, with trading volume pushing above its 50-day average, according to MarketWatch data. 1
Thursday brought another rough stretch for Wall Street, tech and software stocks dragging the major indexes down. Investors are back to worrying about just how fast all this AI spending might actually turn into earnings. That nervousness isn’t just hitting the AI front-runners—chip stocks across the board are feeling the pinch, including those without a direct AI angle. 2
Semis got hit as the broader market slid. The Invesco QQQ Trust, which tracks the Nasdaq-100, slipped around 1.6%. The iShares Semiconductor ETF shed about 1.7%. Losses also showed up in the SPDR S&P 500 ETF, off close to 1.1%.
Chip stocks mostly tracked lower. Broadcom slid roughly 2.6%, NXP Semiconductors dropped about 2.8%, while Analog Devices edged down 1.2% in afternoon trading.
Texas Instruments’ planned $7.5 billion buyout of Silicon Labs, revealed Feb. 4, is still in sharp focus. TI will shell out $231 per share in cash. The company expects to generate around $450 million in annual manufacturing and operating synergies within three years of the deal closing. “The acquisition of Silicon Labs is a significant milestone that strengthens our long-term embedded processing strategy,” CEO Haviv Ilan said. 3
The companies disclosed in a regulatory filing that they’ve signed a definitive agreement, directing investors to check out a related press release and investor presentation about the deal. 4
Investors won’t have to wait long: Texas Instruments will host a capital management review webcast on Feb. 24. Both Ilan and finance chief Rafael Lizardi are slated to speak. The agenda includes a closer look at the company’s free cash flow strategy—the cash remaining after covering operating costs and capital expenditures—and a review of capital management metrics for 2025. 5
Still, macro jitters loom over chip stocks heading toward week’s end. With Friday’s U.S. consumer price index on deck, some investors have scaled back bets on imminent Fed rate cuts after the latest jobs numbers. If inflation comes in hot, rate-sensitive tech and semiconductor names could stay under the gun. 6
TXN has its eyes on Friday, Feb. 13, when the latest inflation report drops. After that, the company’s capital management webcast is scheduled for Feb. 24.
