On July 30, Texas Instruments rose 3.39% in regular trading, trading at $281.67/share, with turnover of $4.84 billion, extending its rebound following a period of profit-taking stabilization after its Q2 earnings release.

On the news front, Texas Instruments reported Q2 results on July 22 that significantly exceeded expectations, with revenue of $5.46 billion representing a 23% year-over-year increase and EPS of $2.14 marking a 52% year-over-year gain, both well above consensus estimates. The strong results were driven by broad-based demand strength across end markets, with automotive demand accelerating meaningfully. Following the earnings release, multiple institutions raised their price targets, including JPMorgan to $340, UBS to $380, Rosenblatt to $350, KeyBanc to $390, and Arete upgrading the stock to Buy with a $405 target.

The broader semiconductor sector rallied sharply, with Micron Technology up 16.35%, Advanced Micro Devices up 15.39%, Intel up 14.45%, and SK Hynix up 16.14%, creating sector-wide momentum that further supported the rebound.

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