New York, Feb 1, 2026, 18:13 EST — Trading wrapped up.
- Texas Instruments shares dipped on Friday, erasing some of the gains posted earlier in the week.
- Washington’s choice for the next Fed chair has brought rate expectations back into focus.
- Investors are set for a company webcast in February and important U.S. economic data next.
Texas Instruments (TXN) ended Friday’s session down $3.42, or 1.6%, closing at $215.55, following a $218.97 finish the day before. Trading volume hit roughly 9.1 million shares. (Nasdaq)
The drop comes at a tricky time. Traders had just seized on a straightforward narrative: demand for the company’s analog chips is on the rise. Then sentiment abruptly shifted back toward concerns over interest rates.
Analog chips take care of “real-world” tasks such as power management and signal conversion—basically the behind-the-scenes work inside industrial equipment and data-center gear. When customers order too much, the fallout appears later as an “inventory correction,” as they burn through excess stock and hold off on new purchases.
The broader market shifted to risk-off Friday after Donald Trump picked Kevin Warsh to lead the Federal Reserve, a move investors saw as hawkish. “Warsh is viewed as relatively hawkish,” said Michael Hans of Citizens Wealth. Angelo Kourkafas at Edward Jones described the nomination as a “very big deal” for rate pricing. (Reuters)
Chip stocks faced steeper losses. The Philadelphia semiconductor index dropped 3.87% Friday, per Nasdaq data. (Nasdaq)
The near-term bull case for Texas Instruments took shape earlier this week. On Jan. 27, the company projected first-quarter revenue between $4.32 billion and $4.68 billion, with earnings of $1.22 to $1.48 per share—both figures surpassing consensus estimates from LSEG. CEO Haviv Ilan told analysts that data-center revenue surged 70% in the December quarter and announced plans to start reporting data-center sales separately. (Reuters)
There’s a second layer to this story that’s less straightforward. Texas Instruments’ strength still hinges on how long customers in industrial and consumer electronics keep cutting back orders, and how much of the AI expansion benefits “support” suppliers rather than just Nvidia. Louise Dudley at Federated Hermes said, “Conditions are improving and that they are expanding their growth plans,” but her note also flagged concerns about capital spending and returns. She added that TI’s valuation is a bit higher than rival Analog Devices on a price-to-earnings basis. (Reuters)
Texas Instruments plans to webcast a capital management review on Feb. 24 at 10 a.m. Central time. Ilan, Rafael Lizardi, and Mike Beckman will lead the presentation. They’ll go over 2025 results compared to capital management metrics and lay out a strategy focused on increasing long-term free cash flow per share. (Texas Instruments)
The board announced a quarterly cash dividend of $1.42 per share, set to be paid on Feb. 10 to shareholders recorded by Jan. 30, the company confirmed. (Texas Instruments)
Over the weekend, Trump suggested Warsh might attract some Democratic Senate votes, paving the way for a confirmation battle that could keep rates—and their volatility—squarely in the spotlight through February. (Reuters)
Texas Instruments’ webcast on Feb. 24 isn’t the only date to watch. The U.S. Employment Situation report drops earlier, on Feb. 6 at 8:30 a.m. Eastern. This report often moves bond yields—and that ripple can quickly shift how investors value major industrial chipmakers. (Bls)
