On Friday, November 28, 2025, Texas Instruments Incorporated (NASDAQ: TXN) closed higher for a fifth consecutive session, capping a strong post‑earnings rebound even as semiconductor ETFs saw notable outflows and analysts continued to trim price targets for the broader chip sector. [1]
TXN stock today: fifth straight gain and fresh momentum
Texas Instruments shares finished the shortened post‑Thanksgiving session up 1.77% at $168.27, after trading between $165.42 and $169.25. Intraday, the stock opened at $166.04 and traded on volume of just over 4.0 million shares, below its recent average but in line with the half‑day nature of the session. [2]
That performance beat all three major U.S. equity benchmarks:
- S&P 500: +0.54%
- Dow Jones Industrial Average: +0.61%
- Nasdaq 100: +0.78% [3]
MarketWatch reported that TXN’s 1.77% gain also outpaced key peers: NVIDIA fell roughly 1.8%, Broadcom gained about 1.4%, and Qualcomm rose 1.8%, putting Texas Instruments slightly ahead of most large‑cap chip names on the day. [4]
Friday’s close at $168.27 marks five straight advancing sessions:
- Nov 21: $159.40 (+3.96%)
- Nov 24: $161.26 (+1.17%)
- Nov 25: $161.77 (+0.32%)
- Nov 26: $165.35 (+2.21%)
- Nov 28: $168.27 (+1.77%) [5]
Even after this bounce, the stock remains well below its 52‑week high around $221.7 and above its recent low near $140, leaving TXN in the lower half of its one‑year trading range. [6]
On valuation, multiple data providers put Texas Instruments’ trailing P/E ratio around 30x earnings as of November 28, 2025. [7] That’s a premium to many “old‑school” industrial names, but in line with high‑quality analog chip peers.
Wall Street today: Citi sticks with Buy and highlights Malaysia expansion
The most notable single‑stock research headline tied to TXN on November 28 came from Citi, via coverage summarized by Insider Monkey and Finviz.
- Citi analyst Christopher Danelyreiterated a Buy rating on Texas Instruments on November 24, with a price target of $235.
- The note, republished on November 28, frames TXN as one of the “best low‑volatility large‑cap stocks” in the market, emphasizing its stable cash flows and dividend track record. [8]
The same coverage spotlighted Texas Instruments’ ongoing manufacturing expansion in Melaka, Malaysia:
- On November 6, TI announced the opening of TIEM2, a new advanced assembly and test facility in Melaka.
- The new plant, roughly 900,000 square feet, connects to the company’s existing Melaka site, bringing the combined manufacturing footprint to about 1.4 million square feet.
- TI expects to invest up to MYR 5 billion in the expansion and support up to 500 local jobs when fully ramped.
- Management reiterated plans to bring about 90% of assembly and test operations in‑house by 2030, strengthening supply‑chain control and long‑term cost structure. [9]
For investors, the Citi note reinforces a familiar narrative: TXN as a quality, capital‑intensive analog franchise, willing to spend heavily on capacity today to defend margins and market share for the next decade.
Analyst consensus: broad “Hold” with mid‑teens upside potential
While Citi remains firmly bullish, the Street‑level view on November 28 is more cautious:
- MarketBeat reports that 31 research firms currently cover Texas Instruments, with a consensus rating of “Hold.” The breakdown: 6 Sell, 11 Hold, 12 Buy, 2 Strong Buy. [10]
- Those analysts carry an average 12‑month price target of about $191.67, implying roughly 14% upside from Friday’s $168.27 close. [11]
- Public.com, aggregating 21 analyst ratings as of November 28, 2025, also shows a “Hold” consensus and an average target around $192.48, broadly consistent with MarketBeat’s numbers. [12]
An updated narrative on Simply Wall St, posted as an “update shared on November 28, 2025”, adds more color:
- Price targets have been lowered, and now typically range from $150 to $210.
- The commentary points to margin pressure, “stabilizing rather than improving” inventory cycles, and macro headwinds (tariffs, China demand, auto softness) as key reasons for the reset.
- At the same time, Simply Wall St’s intrinsic value model still pegs TXN’s fair value near $189–190, implying the stock is roughly 10–15% undervalued relative to the high‑$160s share price. [13]
In short, November 28’s news flow confirms TXN as a “quality Hold” in the eyes of most analysts: solid fundamentals and a decent dividend, but with near‑term growth capped by a sluggish analog cycle and tariff uncertainty.
ETF flows: semiconductor outflows, but TXN trades higher
Another notable November 28 headline came from Nasdaq’s ETF coverage, focusing on flows in the VanEck Semiconductor ETF (SMH):
- SMH saw an estimated $1.1 billion in weekly outflows, with units outstanding down about 3% week over week.
- Despite this selling pressure at the ETF level, TXN — one of SMH’s large components — was trading about 1.1% higher intraday on November 28, similar to other major chip holdings like TSMC and ASML. [14]
This ETF‑level outflow sits against a backdrop of broad strength in semiconductor stocks:
- Barchart/TradingView’s November 28 market wrap noted that chip makers were among the strongest groups in Friday’s half‑day session, with Intel leading gains and Texas Instruments among the names up more than 1%. [15]
The takeaway: capital is rotating within the semiconductor space. Even as investors pull money from a popular sector ETF, select large‑cap analog names like TXN continue to attract demand, especially after the stock’s sharp post‑earnings sell‑off in October.
Big money moves: pension funds and hedge funds tweak TXN exposure
A cluster of 13F‑driven headlines on November 28 highlighted how institutional investors and hedge funds are positioning around Texas Instruments:
New and increased positions
- Findlay Park Partners LLP
- Boosted its TXN stake by 45.1% in Q2, bringing holdings to 1,198,031 shares, worth roughly $248.7 million.
- TXN is now about 2.6% of the fund’s portfolio and its 12th‑largest position, signalling high conviction from this long‑only institutional manager. [16]
- Employees Retirement System of Texas
- Initiated a new position of 22,100 TXN shares, valued around $4.6 million at the time of filing.
- The article notes that, in aggregate, institutional investors now own roughly 85% of TXN’s float, underscoring its status as an institutional core holding. [17]
- Carlson Capital L.P.
- Took a new $436,000 position, buying 2,100 shares during the second quarter, according to its latest 13F filing. [18]
Reduced positions and insider selling
- Johnson Financial Group Inc.
- Cut its TXN stake by 26.4%, selling 3,933 shares and ending the quarter with 10,968 shares worth about $2.28 million. [19]
Several of these reports also reference recent insider sales:
- VP Christine Witzsche sold 1,000 shares around mid‑November at an average price near $164.31, trimming her holdings by about 4.6%.
- Director Ronald Kirk sold 9,990 shares at roughly $162.33, reducing his position by ~40%.
- Corporate insiders collectively hold about 0.57% of the stock, versus ~85% held by institutions, according to MarketBeat’s data. [20]
Taken together, the November 28 flow of filings paints a nuanced picture: large, diversified institutions are generally adding or initiating positions in TXN, while some smaller holders are trimming exposure and insiders are taking modest profits after the recent bounce.
Fundamental backdrop: earnings, outlook and dividend
The November 28 news doesn’t exist in a vacuum; it sits on top of a busy October earnings season and a year of heavy capital investment for Texas Instruments.
Q3 2025 results
On October 21, 2025, TI reported:
- Revenue: $4.74 billion, up 14% year‑on‑year and 7% sequentially.
- Net income: $1.36 billion.
- EPS: $1.48, essentially flat vs. the prior year and including a $0.10 drag not in original guidance. [21]
Growth was broad‑based:
- Analog revenue climbed 16%, with strong operating margins.
- Embedded Processing grew 9%. [22]
Management guided Q4 2025 revenue to $4.22–$4.58 billion and EPS to $1.13–$1.39, a range that came in below many analyst expectations. [23]
Reuters noted at the time that this downbeat Q4 outlook triggered a ~6% drop in TXN shares on October 22, as investors worried about a prolonged analog chip downturn amid tariff uncertainty and cautious industrial demand — concerns that are still echoed in November 28’s analyst commentary. [24]
Dividend and shareholder returns
Dividend and capital‑return headlines also featured prominently in several November 28 institutional articles:
- TI’s board previously raised the quarterly dividend to $1.42 per share, up from $1.36 — a 4% increase that marks 22 consecutive years of dividend growth. [25]
- On an annualized basis, that’s $5.68 per share, implying a dividend yield around 3.4–3.5% at current prices. [26]
- MarketBeat and Public.com both highlight that TI returned roughly $6.6 billion to shareholders over the past 12 months via dividends and buybacks, against $2.4 billion in free cash flow, a reminder that payout ratios are currently elevated while the company invests heavily in capacity. [27]
For income‑oriented investors, November 28’s stories reinforce TXN’s reputation as a reliable dividend payer, but also underscore that the dividend is running ahead of current free‑cash‑flow generation — a trade‑off management clearly believes is justified by long‑term growth and future cash returns.
How November 28 changed (and didn’t change) the TXN story
Putting all of November 28’s TXN‑related news together, a few clear themes emerge:
- Momentum is turning up, but from a lower base.
- A five‑day winning streak and a 1.77% gain on Friday show buyers stepping back in after October’s guidance‑driven sell‑off.
- Even so, the stock remains well below its 52‑week high and has delivered a mid‑teens negative total return over the past year, underperforming many growth‑oriented chip names. [28]
- The Street is still cautious overall.
- Citi’s reiterated $235 Buy rating stands out on the bullish side, but the broader consensus is firmly “Hold” with an average target around $192 and a wide range of forecasts between $150 and $210. [29]
- Analyst narratives emphasize margin pressure, limited AI exposure relative to some peers, and visibility issues in key end markets like autos and industrials.
- Institutions are quietly accumulating.
- Texas‑based pension funds, international asset managers and hedge funds all appeared on November 28 as net buyers or new holders, while a smaller number of investors pared positions. [30]
- High institutional ownership near 85% continues to support TXN’s status as a core long‑term holding rather than a speculative AI high‑flyer. [31]
- Dividend appeal remains a central part of the thesis.
- A 3%+ yield, 22‑year dividend growth streak and management’s willingness to keep raising the payout even through a downcycle continue to attract long‑horizon investors. [32]
- Macro and policy risks remain in focus.
- November 28 commentary from Simply Wall St and prior Reuters coverage underline concerns about tariffs, China demand and a slower‑than‑hoped normalization of inventories across the analog chip space. [33]
What investors can take from November 28’s TXN news
For current or prospective shareholders, the November 28 news flow offers confirmation rather than a radical plot twist:
- Near term: TXN looks like it’s in a healing phase after October’s guidance shock — the stock is climbing, but analysts and insiders are not behaving as if a runaway bull trend is guaranteed.
- Medium term: With a mid‑teens consensus upside, ongoing capacity expansion and a still‑rich valuation, expectations seem set for steady but not explosive growth, especially if macro and tariff headwinds ease.
- Long term: The company’s strategic bets on in‑house manufacturing, disciplined inventories, and a shareholder‑friendly capital return policy remain intact and were repeatedly highlighted across Friday’s coverage.
As always, this overview is for informational purposes only and is not financial advice. Anyone considering an investment in Texas Instruments or any other security should evaluate their own risk tolerance, time horizon and financial situation, and may want to consult a qualified financial adviser.
References
1. stockanalysis.com, 2. stockanalysis.com, 3. www.tradingview.com, 4. www.marketwatch.com, 5. stockanalysis.com, 6. www.investing.com, 7. www.macrotrends.net, 8. www.insidermonkey.com, 9. www.insidermonkey.com, 10. www.marketbeat.com, 11. www.marketbeat.com, 12. public.com, 13. simplywall.st, 14. www.nasdaq.com, 15. www.tradingview.com, 16. www.marketbeat.com, 17. www.marketbeat.com, 18. www.marketbeat.com, 19. www.marketbeat.com, 20. www.marketbeat.com, 21. www.ti.com, 22. www.ti.com, 23. www.ti.com, 24. www.reuters.com, 25. investor.ti.com, 26. www.marketbeat.com, 27. www.ti.com, 28. www.investing.com, 29. www.insidermonkey.com, 30. www.marketbeat.com, 31. www.marketbeat.com, 32. www.marketbeat.com, 33. simplywall.st
