On July 23, Texas Instruments fell 6.04% in after-hours trading, trading at 277.80 USD/share, with turnover of $509 million.

On the news front, the company reported Q2 earnings after the bell on July 22, with revenue of $5.463 billion exceeding the consensus estimate of $5.248 billion, and adjusted EPS of $2.14 beating the expected $1.92 by 11.46%, representing a 51.77% year-over-year increase from $1.41 per share in the same period last year.

Despite the double beat on both revenue and earnings, the stock had previously rallied to record highs as multiple brokerages aggressively raised price targets in recent weeks — KeyBanc to $390, TD Cowen to $360, UBS to $350, and Cantor Fitzgerald to $340. With these upgrades largely priced in, the after-hours session saw significant profit-taking pressure as investors locked in gains accumulated during the pre-earnings run-up.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)