Texas Instruments shares closed Friday's session at $221.44, marking a decline of approximately 1.15%. The stock traded within a range of $218.59 to $227.02, with volume reaching around 9.4 million shares. This performance stood in contrast to a significant rally across the semiconductor sector.
Semiconductor Sector Outperforms
While Texas Instruments lagged, the broader chip market experienced strong gains. The PHLX Semiconductor Index advanced 5.7%. Notable movers included Nvidia, which rose 7.8%, while Advanced Micro Devices and Broadcom each gained over 7%. Analysts attributed the surge to robust demand for artificial intelligence infrastructure, following increased capital expenditure announcements from major technology firms.
Corporate and Insider Activity
In a regulatory filing, Texas Instruments disclosed amendments to its bylaws. The changes include a forum-selection clause directing certain shareholder litigation to Delaware or federal courts. Separately, recent SEC Form 4 filings revealed insider transactions. Senior Vice President Ahmad Bahai exercised options to acquire 3,000 shares at $79.26 each and subsequently sold the same number at a weighted average price of $223.4622. Director Mark A. Blinn reported selling 3,144 shares at an average price of $221.5798 following multiple option exercises.
Strategic Acquisition and Market Context
The company's pending acquisition of Silicon Labs for approximately $7.5 billion remains a focal point. The deal, announced at $231 per share in cash, represents a 69% premium to Silicon Labs' unaffected price and is targeted to close in the first half of 2027. Management has projected annual operational synergies of about $450 million within three years of completion.
Investor attention now shifts to upcoming economic data, with the January employment report scheduled for release on Wednesday, February 11, and the Consumer Price Index due on Friday, February 13. These reports are expected to influence broader market sentiment and interest rate expectations.
