Texas Instruments Stock (NASDAQ: TXN) on Dec. 20, 2025: Sherman Fab Starts Production, Analysts Split on the 2026 Outlook
Texas Instruments began production at its new Sherman, Texas 300mm wafer fab, part of a planned $40 billion investment. Shares closed at $176.29 on Dec. 19, as investors weighed long-term manufacturing gains against short-term margin concerns. Goldman Sachs downgraded the stock to Sell, citing risks from increased capacity and potential earnings drag.