New York, Feb 7, 2026, 17:30 EST — Markets have closed.
- Texas Instruments dropped 1.13%, closing at $221.44 on Friday—missing out on the chip rally.
- The annual report, just out, includes cash flow forecasts for 2025 and spells out a reduced capital expenditure budget for 2026.
- Investors watching Silicon Labs are weighing deal figures, fresh insider filings, and the upcoming capital management webcast set for Feb. 24.
Texas Instruments Inc dropped 1.13% to close at $221.44 on Friday, trailing the broader market’s gains. Shares ended the session about 3% below the 52-week high hit earlier this week, according to market data. MarketWatch
The disconnect was clear as chipmakers ripped higher, lifted by bets that hefty new outlays from Big Tech could juice orders for data-center hardware. Shares of Nvidia, AMD, and Broadcom all climbed, pushing the PHLX semiconductor index up 5.7%. “This trade has been volatile… but I think there’s enough evidence that there’s real demand for AI products,” said Ross Mayfield, investment strategy analyst at Baird. Reuters
Texas Instruments posted its latest figures late Friday, disclosing 2025 revenue of $17.68 billion and net income at $5.00 billion. Cash from operations reached $7.15 billion. The chipmaker spent $4.55 billion on capital projects for the year. Looking ahead to 2026, management expects capex to drop off, likely landing between $2 billion and $3 billion, signaling an end to the recent surge in spending. The report also stuck by earlier plans to finance its Silicon Labs acquisition with a mix of cash and debt. SEC
The Texas Instruments-Silicon Labs tie-up remains a key focus for investors. Texas Instruments announced plans on Feb. 4 to acquire Silicon Labs at $231 a share in cash, assigning the deal an enterprise value close to $7.5 billion. The chipmaker expects to pull in $450 million in annual manufacturing and operations synergies within three years after the deal closes. CEO Haviv Ilan put it plainly: “Together, we can do more,” he said in a statement. Texas Instruments
Insider activity surfaced late in the week. Senior Vice President Ahmad Bahai cashed in stock options, selling 3,000 Texas Instruments shares on Feb. 5 for an average $223.4622 each. Form 4 filings also showed Director Mark A. Blinn offloaded 3,144 shares at a weighted average price of $221.5798. SEC
For TXN, the pressing issue isn’t so much AI as it is timing. Texas Instruments still leans heavily on analog and embedded chips, with most sales going to industrial and auto clients. When those buyers see inventories building, they’re quick to slow down orders.
Deal risk isn’t always baked into just one session. The Silicon Labs deal is still waiting on several approvals and needs time before it closes, and Texas Instruments has said it plans to add debt for this acquisition. Should demand stay weak or if borrowing doesn’t get cheaper, investors might push back on both the price tag and how quickly the company wants to repurchase shares.
Texas Instruments is gearing up for a cash return next week. The board cleared a quarterly dividend of $1.42 per share, slated to go out Feb. 10. Investors holding shares as of Jan. 30 are in line for the payout. Texas Instruments
Next on the docket: Texas Instruments will stream its capital management review February 24. CEO Ilan and CFO Rafael Lizardi are slated to present their approach, outlining targets for leverage and plans for capital returns. Texas Instruments
When U.S. markets open Monday, TXN is likely to be in focus. The key question: does the stock snap back to track the broader chip sector, or does it stick with its own deal-and-cycle story? For now, that’s what traders are looking to answer.
