Texas Instruments (TXN)
Market Price (2/6/2026): $223.5 | Market Cap: $203.2 BilSector: Information Technology | Industry: Semiconductors
Texas Instruments (TXN)
Market Price (2/6/2026): $223.5Market Cap: $203.2 BilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 35% | Trading close to highsDist 52W High is -0.5%, Dist 3Y High is -0.5% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 6.9 Bil, FCF LTM is 2.1 Bil | Weak multi-year price returns3Y Excs Rtn is -28% | Key risksTXN key risks include [1] a massive capital expenditure program to build out manufacturing capacity, Show more. |
| Attractive yieldDividend Yield is 2.4% | ||
| Low stock price volatilityVol 12M is 41% | ||
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Automation & Robotics, Electric Vehicles & Autonomous Driving, and Smart Grids & Grid Modernization. Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 35% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 6.9 Bil, FCF LTM is 2.1 Bil |
| Attractive yieldDividend Yield is 2.4% |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Automation & Robotics, Electric Vehicles & Autonomous Driving, and Smart Grids & Grid Modernization. Show more. |
| Trading close to highsDist 52W High is -0.5%, Dist 3Y High is -0.5% |
| Weak multi-year price returns3Y Excs Rtn is -28% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6% |
| Key risksTXN key risks include [1] a massive capital expenditure program to build out manufacturing capacity, Show more. |
Qualitative Assessment
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1. Strong Q1 2026 Guidance Signaling a Cyclical Turnaround.
Texas Instruments' stock gained significantly following its Q4 2025 earnings release, primarily driven by a robust outlook for Q1 2026. Despite slightly missing analyst estimates for Q4 2025 revenue and EPS, the company's forecast for Q1 2026 revenue (midpoint of $4.50 billion) surpassed Wall Street's consensus ($4.42 billion). This projected sequential quarterly growth in revenue was particularly impactful, as it had not occurred in 16 years, indicating a potential end to a cyclical downturn and a positive shift in business momentum.
2. Recovery and Growth in Key End Markets.
Management's commentary highlighted rapidly expanding data center demand and a recovering industrial sector as crucial drivers for the positive outlook. The newly-formed Data Center segment demonstrated exceptional momentum, achieving nearly 70% year-over-year growth in Q4 2025 and contributing approximately 9% to total sales. Furthermore, the analog division, Texas Instruments' largest business unit, saw a rebound with 14% year-over-year revenue growth in Q4 2025.
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Stock Movement Drivers
Fundamental Drivers
The 39.6% change in TXN stock from 10/31/2025 to 2/5/2026 was primarily driven by a 39.6% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 160.41 | 223.98 | 39.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,266 | 17,266 | 0.0% |
| Net Income Margin (%) | 29.2% | 29.2% | 0.0% |
| P/E Multiple | 28.9 | 40.4 | 39.6% |
| Shares Outstanding (Mil) | 909 | 909 | 0.0% |
| Cumulative Contribution | 39.6% |
Market Drivers
10/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| TXN | 39.6% | |
| Market (SPY) | -0.7% | 38.7% |
| Sector (XLK) | -9.8% | 39.8% |
Fundamental Drivers
The 25.6% change in TXN stock from 7/31/2025 to 2/5/2026 was primarily driven by a 25.7% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 178.29 | 223.98 | 25.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,675 | 17,266 | 3.5% |
| Net Income Margin (%) | 30.2% | 29.2% | -3.4% |
| P/E Multiple | 32.1 | 40.4 | 25.7% |
| Shares Outstanding (Mil) | 908 | 909 | -0.1% |
| Cumulative Contribution | 25.6% |
Market Drivers
7/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| TXN | 25.6% | |
| Market (SPY) | 7.5% | 34.5% |
| Sector (XLK) | 3.4% | 32.7% |
Fundamental Drivers
The 25.2% change in TXN stock from 1/31/2025 to 2/5/2026 was primarily driven by a 22.7% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 178.96 | 223.98 | 25.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,711 | 17,266 | 9.9% |
| Net Income Margin (%) | 31.6% | 29.2% | -7.6% |
| P/E Multiple | 32.9 | 40.4 | 22.7% |
| Shares Outstanding (Mil) | 913 | 909 | 0.4% |
| Cumulative Contribution | 25.2% |
Market Drivers
1/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| TXN | 25.2% | |
| Market (SPY) | 13.6% | 62.1% |
| Sector (XLK) | 18.1% | 60.2% |
Fundamental Drivers
The 38.3% change in TXN stock from 1/31/2023 to 2/5/2026 was primarily driven by a 143.8% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 161.90 | 223.98 | 38.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20,190 | 17,266 | -14.5% |
| Net Income Margin (%) | 44.2% | 29.2% | -33.9% |
| P/E Multiple | 16.6 | 40.4 | 143.8% |
| Shares Outstanding (Mil) | 913 | 909 | 0.4% |
| Cumulative Contribution | 38.3% |
Market Drivers
1/31/2023 to 2/5/2026| Return | Correlation | |
|---|---|---|
| TXN | 38.3% | |
| Market (SPY) | 72.9% | 61.9% |
| Sector (XLK) | 103.6% | 60.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TXN Return | 18% | -10% | 6% | 13% | -4% | 29% | 58% |
| Peers Return | 51% | -15% | 48% | 10% | 17% | 10% | 172% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| TXN Win Rate | 67% | 42% | 58% | 50% | 50% | 100% | |
| Peers Win Rate | 67% | 42% | 67% | 40% | 50% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TXN Max Drawdown | -1% | -20% | -12% | -7% | -22% | 0% | |
| Peers Max Drawdown | -2% | -32% | -3% | -18% | -34% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADI, NXPI, MCHP, ON, AVGO. See TXN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/5/2026 (YTD)
How Low Can It Go
| Event | TXN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -30.2% | -25.4% |
| % Gain to Breakeven | 43.3% | 34.1% |
| Time to Breakeven | 205 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -30.4% | -33.9% |
| % Gain to Breakeven | 43.6% | 51.3% |
| Time to Breakeven | 126 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.8% | -19.8% |
| % Gain to Breakeven | 36.5% | 24.7% |
| Time to Breakeven | 211 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -64.9% | -56.8% |
| % Gain to Breakeven | 184.5% | 131.3% |
| Time to Breakeven | 1,606 days | 1,480 days |
Compare to ADI, NXPI, MCHP, ON, AVGO
In The Past
Texas Instruments's stock fell -30.2% during the 2022 Inflation Shock from a high on 10/21/2021. A -30.2% loss requires a 43.3% gain to breakeven.
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About Texas Instruments (TXN)
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Here are 1-3 brief analogies to describe Texas Instruments (TXN):
- Texas Instruments is like the Intel of analog chips, powering everything from electric vehicles to smart appliances.
- Texas Instruments is like Siemens for semiconductors, providing the foundational electronic components that power industrial, automotive, and consumer devices globally.
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- Analog Semiconductors: These integrated circuits manage and convert real-world signals like power, temperature, and sound for use in digital systems.
- Embedded Processors: These are integrated circuits designed to serve as the "brains" for electronic devices, performing specific functions and controlling operations.
- DLP Technology: This proprietary technology utilizes millions of microscopic mirrors to create high-resolution displays for projectors, automotive, and industrial applications.
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Texas Instruments (TXN) sells primarily to other companies (B2B), supplying a vast array of analog and embedded processing semiconductors. The company has a highly diversified customer base, with its annual reports explicitly stating that no single customer accounts for more than 10% of its revenue. This means TXN does not have a few dominant "major customers" in the typical financial sense. However, TXN's components are integral to products across many industries. While it doesn't name specific customers due to confidentiality and the sheer volume of its client base (approximately 100,000 customers worldwide), its chips are incorporated into products manufactured by leading companies in the following sectors:- Automotive Industry: Components for advanced driver-assistance systems (ADAS), infotainment, body electronics, and powertrain. Major Tier-1 suppliers to car manufacturers are significant customers.
- Continental AG (FRA: CON)
- Denso Corporation (TYO: 6902 / OTC: DNZOY)
- Robert Bosch GmbH (private company)
- Personal Electronics: Chips found in smartphones, tablets, PCs, and various consumer devices for power management, audio, and other functions.
- Apple Inc. (NASDAQ: AAPL)
- Samsung Electronics Co., Ltd. (KRX: 005930 / OTC: SSNLF)
- HP Inc. (NYSE: HPQ)
- Industrial and Medical: Solutions for factory automation, control systems, test & measurement equipment, and medical devices.
- Siemens AG (FRA: SIE)
- Medtronic plc (NYSE: MDT)
- Communications Equipment and Enterprise Systems: Semiconductors for telecommunications infrastructure (e.g., 5G), networking equipment, and data centers.
- Cisco Systems, Inc. (NASDAQ: CSCO)
- Ericsson (NASDAQ: ERIC)
- Nokia Corporation (NYSE: NOK)
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- ASML Holding N.V. (ASML)
- Applied Materials, Inc. (AMAT)
- KLA Corporation (KLAC)
- Lam Research Corporation (LRCX)
- Shin-Etsu Chemical Co., Ltd. (TYO: 4063)
- SUMCO Corporation (TYO: 3436)
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Haviv Ilan, President and Chief Executive Officer
Haviv Ilan serves as President and Chief Executive Officer of Texas Instruments (TI), a role he assumed in 2023. He leads the company's strategic direction and operations. Ilan began his career at TI in 1999 when TI acquired Butterfly, an Israeli wireless startup company he was involved with. Throughout his 20+ year TI career, he has held various leadership roles, including executive vice president and chief operating officer, overseeing TI's business and sales organizations, technology and manufacturing operations, and IT solutions. He holds bachelor's and master's degrees in electrical engineering from Tel Aviv University and an MBA from the Joint International Executive MBA Program at Northwestern University's Kellogg School of Management and Tel Aviv University's Leon Recanati Graduate School of Business Administration.
Rafael Lizardi, Senior Vice President and Chief Financial Officer
Rafael Lizardi is a Senior Vice President and Chief Financial Officer of Texas Instruments. He joined Texas Instruments in 2001 as part of the company's finance development program after serving five years as an officer in the U.S. Army Corps of Engineers. Prior to this role, Lizardi served as the corporate controller. During his career at TI, he has held a number of leadership positions in finance and operations, including controller for the company's High Volume Analog and Logic business and director of corporate financial planning. Lizardi earned a bachelor's degree in electrical engineering from the United States Military Academy at West Point and a Master of Business Administration from Stanford University.
Krunali Patel, Senior Vice President and Chief Information Officer, Information Technology (IT) Solutions
Krunali Patel is Senior Vice President and Chief Information Officer of Texas Instruments, responsible for the Information Technology Solutions organization. She joined TI in 1996 as a digital design engineer. Prior to her current role, Patel served as vice president of TI's design and manufacturing IT solutions organization, leading the development and implementation of information technology strategies and roadmaps for manufacturing automation. She has held various leadership roles, including director of the ASIC IP and EDA development organization and business manager for the Custom Wireless Infrastructure ASIC business. Patel holds a Master of Science in electrical engineering from Michigan State University.
Amichai Ron, Senior Vice President, Embedded Processing and DLP® Products
Amichai Ron is a Senior Vice President of Texas Instruments, responsible for the Embedded Processing business and DLP® Products organization. Before this, he served as the vice president and general manager of TI's Amplifiers business. Ron started his TI career in 2000 and has held various business leadership roles in TI's Precision Analog, High Speed Data Converters, and Embedded Connectivity Solutions organizations. He earned bachelor's and master's degrees in electrical engineering from Tel Aviv University.
Ahmad S. Bahai, Senior Vice President and Chief Technology Officer
Ahmad S. Bahai, Ph.D., is a Senior Vice President and Chief Technology Officer (CTO) of Texas Instruments, responsible for guiding breakthrough innovation, corporate research, and Kilby Labs. Bahai joined TI in 2012 as part of the company's acquisition of National Semiconductor. Throughout his career, he has held several leadership roles, including director of research labs and CTO of National Semiconductor, technical manager of a research group at Bell Laboratories, and founder of Algorex, a communication and acoustic IC and system company that was acquired by National Semiconductor. He holds a Master of Science in electrical engineering from Imperial College, University of London, and a doctorate degree in electrical engineering from the University of California, Berkeley.
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The key risks to Texas Instruments' business are primarily driven by the inherent nature of the semiconductor industry and the company's strategic investment decisions.
- Cyclicality of the Semiconductor Market and Macroeconomic Headwinds: Texas Instruments operates within a highly cyclical semiconductor industry, making it susceptible to global economic fluctuations, trade tensions, and geopolitical instability. Economic downturns directly impact customer demand and can disrupt supply chains, leading to declines in revenue and profitability. For example, full-year 2024 revenue decreased by 11% compared to 2023, reflecting a softening in the overall semiconductor market, and net income saw a 25% year-on-year decrease.
- Heavy Capital Expenditure Program (Capex Crunch): Texas Instruments is undertaking a significant, deliberate long-term strategic move to build out 300mm wafer fabrication capacity. This massive capital expenditure program, which included investing $4.8 billion in Capex on a trailing 12-month basis as of Q3 2025, acts as a substantial cash sink in the short term. This heavy spending directly impacts free cash flow and can lead to hits on gross margins, especially during a cyclical slowdown.
- Intense Competition and Rapid Technological Changes: The semiconductor industry is characterized by intense competition from a wide range of established players and emerging companies. Texas Instruments faces continuous pressure to innovate and adapt to rapid technological changes, although its focus on analog chips provides some stability due to their longer product lifespans. The inability to keep pace with technological advancements or competitive pricing could adversely affect its market share and financial performance.
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Texas Instruments (TXN) primarily focuses on two main product categories: analog semiconductors and embedded processors, which together account for over 80% of its revenue.
Addressable Market Sizes for Texas Instruments' Main Products:
Analog Semiconductors
The global addressable market for analog semiconductors was valued between approximately USD 87.5 billion and USD 101.22 billion in 2024. This market is projected to grow to an estimated range of USD 147.57 billion by 2032 and USD 180.24 billion by 2034. Another estimate puts the global analog semiconductor market at USD 98.9 billion in 2024, with a projection to reach USD 179.5 billion by 2035.
Embedded Processors
The global addressable market for embedded processors was valued between approximately USD 21.15 billion and USD 26.4 billion in 2024. This market is projected to reach around USD 39.87 billion by 2033 and USD 50.71 billion by 2035. Another source indicates the embedded processors market was valued at USD 29.63 billion in 2023 and is expected to reach USD 48.65 billion by 2030.
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Texas Instruments (TXN) is expected to drive future revenue growth over the next 2-3 years through several key areas:
- Recovery and Growth in Industrial and Automotive Markets: Texas Instruments' two largest markets, industrial and automotive, are anticipated to be significant drivers of revenue growth. These combined markets represented approximately 70% of TI's revenue in 2024 and have shown a compound annual growth rate of about 7% since 2013. The company has observed a broad recovery across all sectors within the industrial market, with an upper-teens year-on-year increase and mid-teens sequential growth in Q2 2025. The automotive market also increased mid-single digits year-on-year in Q2 2025, with potential for further growth, particularly in the China automotive market, driven by increased electric vehicle production and content per vehicle.
- Strategic Investments in Manufacturing and Technology (300mm Production): TI's ongoing, elevated capital expenditure cycle, focused on 300mm production, is a crucial long-term growth driver. The company expects these investments to uniquely position it to deliver dependable, low-cost capacity at scale to meet customer demand. This commitment to investments in manufacturing and technology is aimed at supporting a competitive advantage in long-lived markets.
- Expansion in Data Center and Enterprise Systems: The data center market is identified as an emerging major growth area where Texas Instruments is expanding its investments. Growth in enterprise systems and communications equipment markets is notably linked to high demand for data center capabilities. The data center segment showed impressive growth, expanding over 50% year-on-year in Q2 2025. Enterprise systems were up about 40% year-on-year and 10% sequentially in Q2 2025, with communications equipment growing more than 50% year-on-year and about 10% sequentially in the same quarter.
- Broad Product Portfolio and Market Reach: Texas Instruments consistently emphasizes its competitive advantages, including its broad product portfolio of analog and embedded processing chips and the extensive reach of its market channels. Analog revenue grew by 16% and Embedded Processing by 9% year-on-year in Q3 2025. In Q2 2025, Analog revenue grew 18% year-over-year and Embedded Processing grew 10%. This wide array of products caters to diverse and long-lived positions across various end markets, providing a stable foundation for ongoing revenue.
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Share Repurchases
- Texas Instruments repurchased approximately $3.615 billion of its stock in 2022.
- In 2023, share repurchases totaled approximately $293 million.
- Approximately $929 million in share repurchases were made in 2024.
- In September 2022, the board authorized an additional $15 billion for common stock repurchases, supplementing the approximately $8.2 billion remaining from previous authorizations as of June 2022.
Share Issuance
- Texas Instruments had $338 million in stock-based compensation for the fiscal quarter ending September 30, 2025, which reflects shares issued as compensation.
- The number of shares outstanding saw a slight increase of 0.33% in 2024 to 0.919 billion, after a 1.08% decline in 2023.
Inbound Investments
- Texas Instruments expects to receive between $6 billion and $9 billion in Investment Tax Credits (ITC) from the CHIPS Act, including $1.6 billion in direct grants, to support its U.S. manufacturing expansions.
Outbound Investments
- Texas Instruments has not made any significant strategic acquisitions of other companies within the last 3-5 years.
Capital Expenditures
- Capital expenditures have significantly increased, reaching $5.071 billion in 2023 and $4.82 billion in 2024, up from $2.797 billion in 2022 and $2.462 billion in 2021.
- For 2025, Texas Instruments anticipates capital expenditures to be approximately $5 billion. For 2026, projected capital expenditures are between $2 billion and $5 billion, depending on revenue.
- The primary focus of these expenditures is a multi-year, multi-billion dollar investment plan to expand internal 300mm wafer fabrication capacity across new facilities in Texas (Richardson, Sherman) and Utah (Lehi), with a long-term goal of investing over $60 billion across seven U.S. semiconductor fabs.
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 223.06 |
| Mkt Cap | 107.1 |
| Rev LTM | 11,532 |
| Op Inc LTM | 3,002 |
| FCF LTM | 1,925 |
| FCF 3Y Avg | 2,031 |
| CFO LTM | 3,566 |
| CFO 3Y Avg | 3,797 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.5% |
| Rev Chg 3Y Avg | -3.4% |
| Rev Chg Q | 6.1% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 26.1% |
| Op Mgn 3Y Avg | 27.2% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 34.4% |
| CFO/Rev 3Y Avg | 34.5% |
| FCF/Rev LTM | 19.9% |
| FCF/Rev 3Y Avg | 22.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 107.1 |
| P/S | 10.9 |
| P/EBIT | 54.4 |
| P/E | 52.0 |
| P/CFO | 31.2 |
| Total Yield | 2.1% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 3.6% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.2% |
| 3M Rtn | 31.0% |
| 6M Rtn | 21.0% |
| 12M Rtn | 31.1% |
| 3Y Rtn | 30.4% |
| 1M Excs Rtn | 5.3% |
| 3M Excs Rtn | 31.1% |
| 6M Excs Rtn | 13.9% |
| 12M Excs Rtn | 21.8% |
| 3Y Excs Rtn | -33.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Analog | 13,040 | 15,359 | 14,050 | 10,886 | 10,223 |
| Embedded Processing | 3,368 | 3,261 | 3,049 | 2,570 | 2,943 |
| Other | 1,111 | 1,408 | 1,245 | 1,005 | 1,217 |
| Total | 17,519 | 20,028 | 18,344 | 14,461 | 14,383 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Analog | 5,821 | 8,359 | 7,393 | 4,912 | 4,477 |
| Embedded Processing | 1,008 | 1,253 | 1,174 | 743 | 907 |
| Other | 502 | 528 | 393 | 239 | 339 |
| Total | 7,331 | 10,140 | 8,960 | 5,894 | 5,723 |
Price Behavior
| Market Price | $223.98 | |
| Market Cap ($ Bil) | 203.6 | |
| First Trading Date | 06/01/1972 | |
| Distance from 52W High | -0.5% | |
| 50 Days | 200 Days | |
| DMA Price | $185.90 | $182.60 |
| DMA Trend | up | up |
| Distance from DMA | 20.5% | 22.7% |
| 3M | 1YR | |
| Volatility | 36.7% | 41.2% |
| Downside Capture | 28.37 | 90.23 |
| Upside Capture | 223.35 | 103.54 |
| Correlation (SPY) | 38.1% | 62.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.18 | 1.42 | 1.23 | 1.04 | 1.33 | 1.31 |
| Up Beta | 3.19 | 2.01 | 0.89 | 1.27 | 1.53 | 1.46 |
| Down Beta | 1.94 | 1.69 | 1.45 | 1.33 | 1.53 | 1.25 |
| Up Capture | 254% | 262% | 235% | 98% | 98% | 151% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 20 | 29 | 63 | 129 | 384 |
| Down Capture | -286% | -27% | 45% | 71% | 95% | 107% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 20 | 30 | 59 | 119 | 365 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TXN | |
|---|---|---|---|---|
| TXN | 28.1% | 41.2% | 0.70 | - |
| Sector ETF (XLK) | 18.1% | 27.2% | 0.59 | 60.2% |
| Equity (SPY) | 13.6% | 19.3% | 0.54 | 62.1% |
| Gold (GLD) | 69.7% | 24.7% | 2.11 | 7.3% |
| Commodities (DBC) | 7.1% | 16.6% | 0.24 | 24.8% |
| Real Estate (VNQ) | 4.4% | 16.5% | 0.09 | 46.9% |
| Bitcoin (BTCUSD) | -26.6% | 40.5% | -0.66 | 25.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TXN | |
|---|---|---|---|---|
| TXN | 9.3% | 31.0% | 0.33 | - |
| Sector ETF (XLK) | 16.9% | 24.7% | 0.62 | 68.6% |
| Equity (SPY) | 14.4% | 17.0% | 0.67 | 67.7% |
| Gold (GLD) | 20.8% | 16.9% | 1.01 | 10.4% |
| Commodities (DBC) | 11.7% | 18.9% | 0.50 | 17.1% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 46.2% |
| Bitcoin (BTCUSD) | 16.0% | 57.4% | 0.49 | 25.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TXN | |
|---|---|---|---|---|
| TXN | 19.2% | 30.0% | 0.64 | - |
| Sector ETF (XLK) | 22.5% | 24.2% | 0.85 | 73.9% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 72.0% |
| Gold (GLD) | 15.4% | 15.5% | 0.83 | 5.0% |
| Commodities (DBC) | 7.9% | 17.6% | 0.37 | 22.3% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.26 | 47.4% |
| Bitcoin (BTCUSD) | 69.0% | 66.5% | 1.08 | 16.7% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/27/2026 | 9.9% | 14.5% | |
| 10/21/2025 | -5.6% | -7.7% | -12.4% |
| 7/22/2025 | -13.3% | -11.0% | -5.9% |
| 4/23/2025 | 6.6% | 6.1% | 19.5% |
| 1/23/2025 | -7.5% | -7.6% | 0.8% |
| 10/22/2024 | 4.0% | 9.0% | 2.8% |
| 7/23/2024 | -0.0% | 1.4% | 5.8% |
| 4/23/2024 | 5.6% | 6.6% | 23.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 12 | 13 |
| # Negative | 16 | 12 | 10 |
| Median Positive | 5.2% | 5.5% | 5.7% |
| Median Negative | -4.0% | -3.7% | -3.2% |
| Max Positive | 9.9% | 14.5% | 23.3% |
| Max Negative | -13.3% | -11.0% | -12.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/03/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 02/04/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kirk, Ronald | Direct | Sell | 11252025 | 162.33 | 9,990 | 1,621,688 | 2,424,740 | Form | |
| 2 | Witzsche, Christine | Sr. Vice President | Direct | Sell | 11142025 | 164.31 | 1,000 | 164,306 | 3,421,019 | Form |
| 3 | Blinn, Mark A | Trust | Sell | 8272025 | 216.75 | 0 | 72 | 660,205 | Form | |
| 4 | Bahai, Ahmad | Sr. Vice President | Direct | Sell | 8272025 | 205.35 | 1,500 | 308,030 | 7,984,756 | Form |
| 5 | Templeton, Richard K | Chairman | Direct | Sell | 3032025 | 195.47 | 97,000 | 18,960,307 | 79,963,432 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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