New York, Feb 1, 2026, 18:13 EST — The trading session has ended.
- Texas Instruments shares slid Friday, wiping out part of the week’s earlier gains.
- Washington’s pick for the next Fed chair has refocused attention on rate expectations.
- Investors are gearing up for a company webcast in February, followed by key U.S. economic data releases.
Texas Instruments (TXN) dropped $3.42, or 1.6%, on Friday, closing at $215.55 after finishing Thursday at $218.97. About 9.1 million shares changed hands. (Nasdaq)
The drop hits at a delicate moment. Traders were focused on a clear story: demand for the company’s analog chips was climbing. Suddenly, sentiment swung back to worries about interest rates.
Analog chips handle “real-world” jobs like power management and signal conversion—essentially the unseen work inside industrial gear and data-center equipment. When customers overorder, the result shows up later as an “inventory correction,” as they work through surplus stock and delay fresh orders.
The market turned risk-off Friday after Donald Trump named Kevin Warsh to head the Federal Reserve—a pick investors interpret as hawkish. “Warsh is viewed as relatively hawkish,” noted Michael Hans of Citizens Wealth. Angelo Kourkafas at Edward Jones called the nomination a “very big deal” for rate pricing. (Reuters)
Chip stocks took a harder hit Friday. The Philadelphia semiconductor index slid 3.87%, according to Nasdaq data. (Nasdaq)
Texas Instruments set a bullish tone early this week. On Jan. 27, it forecasted first-quarter revenue between $4.32 billion and $4.68 billion, with earnings per share ranging from $1.22 to $1.48—both beating LSEG consensus estimates. CEO Haviv Ilan highlighted a 70% jump in data-center revenue during the December quarter and revealed plans to start reporting data-center sales separately. (Reuters)
There’s a more complex angle here. Texas Instruments’ performance still depends on how long industrial and consumer electronics clients keep trimming orders, plus how much the AI boom lifts “support” suppliers versus just Nvidia. Louise Dudley from Federated Hermes noted, “Conditions are improving and that they are expanding their growth plans,” though she also raised red flags about capital spending and returns. She pointed out that TI’s price-to-earnings ratio is slightly higher than that of rival Analog Devices. (Reuters)
Texas Instruments will webcast a capital management review on Feb. 24 at 10 a.m. Central time. Rafael Lizardi, Ilan, and Mike Beckman are set to lead the presentation. They’ll discuss 2025 results against capital management goals and outline a strategy aimed at boosting long-term free cash flow per share. (Texas Instruments)
The board declared a quarterly cash dividend of $1.42 per share, payable on Feb. 10 to shareholders on record as of Jan. 30, the company confirmed. (Texas Instruments)
Over the weekend, Trump hinted that Warsh could win over some Democratic Senate votes, setting up a confirmation fight likely to keep rates—and their swings—in sharp focus through February. (Reuters)
Texas Instruments will hold its webcast on Feb. 24, but another key date comes first: the U.S. Employment Situation report arrives Feb. 6 at 8:30 a.m. Eastern. This report frequently sways bond yields, which in turn can rapidly alter investor sentiment around big industrial chipmakers. (bls.gov)
