Texas Instruments (TXN) Soars 3.3%: Is Further Upside Left in the Stock?

TXN rallied 3.3% to $266.64 after raising its quarterly dividend 7%, extending its payout-increase streak to 23 consecutive years. The move signals confidence following strong Q2 performance: revenue climbed 23% year-over-year, with data center revenue doubling during the quarter. Industrial, automotive, and data center markets drove the gains.

The company holds a Zacks Rank #2 (Buy), with consensus calling for Q2 earnings of $2.39 per share—up 61.5% year-over-year—on revenue of $5.91 billion, a 24.7% increase. Yet analyst earnings estimates have remained flat over the past 30 days, potentially capping near-term momentum despite the post-dividend pop.

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