Valued at a market cap of $184.1 billion, Texas Instruments Incorporated (TXN) designs, manufactures, and sells semiconductors and integrated circuits. The Dallas, Texas-based company’s products are widely used in industrial equipment, automotive systems, personal electronics, and communications infrastructure. 

Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and TXN fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the semiconductors industry. The company is widely recognized for its specialty in analog semiconductors and embedded processors, which are essential for power management, signal processing, and connectivity across countless electronic devices. Its strength lies in having one of the broadest product portfolios in the semiconductor industry, with chips that serve diverse end markets. 

This tech giant is currently trading 8.7% below its 52-week high of $221.69, reached on Jul. 11. TXN has gained 9.5% over the past three months, slightly outperforming the S&P 500 Index’s ($SPX) 9.3% rise during the same time frame.

However, in the longer term, TXN has declined 2.5% over the past 52 weeks, underperforming SPX’s 15.5% uptick over the same time period. Moreover, on a YTD basis, shares of TXN are up 8%, compared to SPX’s 9.8% return. 

To confirm its recent bullish trend, TXN has been trading above its 200-day moving average since early June, with slight fluctuations. The stock is trading above its 50-day moving average since late August.

On Jul. 22, TXN released better-than-expected Q2 results, yet its shares plunged 13.3% in the following trading session. The company’s overall revenue advanced 16.4% year-over-year to $4.4 billion, surpassing consensus estimates by 3.2%. Moreover, its net income per share of $1.41 grew 15.6% from the year-ago quarter and came in 6.8% above the analyst estimates. However, its Q3 guidance disappointed the investors as it came in below Wall Street’s forecast. 

TXN has lagged behind its rival, Analog Devices, Inc. (ADI), which soared 10.6% over the past 52 weeks and 18.3% on a YTD basis. 

Given TXN’s recent outperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy” from the 35 analysts covering it, and the mean price target of $209.71 suggests a 3.6% premium to its current price levels.