Texas Instruments stock jumps 8% as Microchip update sparks analog-chip rally
Texas Instruments shares surged 8.4% to $192.10 in after-hours trading Tuesday, lifted by Microchip Technology’s raised sales forecast. TXN traded between $178.01 and $192.82 during the session. The company set its next earnings call for Jan. 27. Analog chipmakers, including Analog Devices and NXP Semiconductors, also rallied.