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Texas Instruments (TXN) Soars to All-Time High, PT Hiked by 26%
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Texas Instruments Inc. (NASDAQ:TXN) is one of the 10 Stocks Posting Outsized Gains. Texas Instruments soared to a new all-time high on Thursday, as investors digested a flurry of positive developments, including strong earnings that propelled an upbeat outlook, a 26-percent price target upgrade, and an upcoming dividend. In intra-day trading, the stock climbed to its highest price of $284.09 before trimming gains to finish the session just up by 19.43 percent to close at $282.23 apiece. This followed news on Wednesday that it grew its net income by 31 percent to $1.545 billion from $1.179 billion in the first quarter of 2025, as revenues increased by 19 percent to $4.825 billion from $4.069 billion year-on-year. Photo from Texas Instruments website Texas Instruments Inc. (NASDAQ:TXN) said that revenue growth was primarily driven by strong demand from industrial and data center. For the second quarter of the year, the company is targeting to grow its revenues by 12 to 21 percent to a range of $5 billion to $5.4 billion, from $4.448 billion in the same period a year earlier. Earnings per share are pegged at $1.77 to $2.05, or an implied growth of 25.5 percent to 45 percent year-on-year. In line with the results, Texas Instruments Inc. (NASDAQ:TXN) announced the distribution of $1.42 in dividends for each common share held by its shareholders on record as of May 5, 2026, to be paid on May 19. Meanwhile, investment firm Benchmark raised its price target for Texas Instruments Inc. (NASDAQ:TXN) to $315 from $250, while maintaining a “buy” recommendation following the results. While we acknowledge the potential of TXN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
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