New York, Feb 13, 2026, 17:54 ET — After-hours
Texas Instruments Incorporated (TXN) shares were up 1.5% at $226.16 late on Friday, keeping pace with a firmer chip sector as traders weighed softer inflation data and a burst of insider-trading disclosures. The Philadelphia semiconductor index was up about 0.9% on the day; Analog Devices gained while Microchip Technology slipped.
U.S. stocks steadied after data showed consumer prices rose less than expected in January, pushing up bets for a 25-basis-point (0.25 percentage point) Federal Reserve rate cut in June, according to CME Group’s FedWatch tool. Still, tech shares weakened into the close ahead of Monday’s Presidents Day holiday, and “any whiff of optimism continues to get rejected,” Michael James, a managing director at Rosenblatt Securities in Los Angeles, said. (Reuters)
For Texas Instruments, the tape has turned jumpier than usual. The stock tends to trade like a read-through on factory and auto demand, and investors have been quick to react to anything that hints at positioning — even when it is routine.
A Form 4 filing — the U.S. Securities and Exchange Commission disclosure insiders use to report stock trades — showed CFO Rafael R. Lizardi exercised options and then sold a total of 71,628 shares in multiple transactions on Feb. 10 and Feb. 11. The sales were made at weighted-average prices roughly between $220 and $231 a share, for proceeds of about $15.9 million, the filing showed. (SEC)
Another Form 4 showed Senior Vice President Mark Gary sold 23,169 shares across Feb. 10 and Feb. 11 for roughly $5.24 million, including a sale tied to an option exercise. He reported holding 45,547 shares after the transactions. (SEC)
A separate filing showed Senior Vice President Ahmad Bahai exercised options and sold 6,500 shares on Feb. 11 at a weighted-average price of about $230.79, for roughly $1.50 million. He reported 42,488 shares held after the sale. (SEC)
The insider trades land as investors still digest Texas Instruments’ push to broaden its reach in wireless chips. The company said on Feb. 4 it agreed to buy Silicon Labs for $231 per share in cash, valuing the deal at about $7.5 billion, and CEO Haviv Ilan called it “a significant milestone” for TI’s embedded processing strategy. (Texas Instruments)
What investors want next is less about the Form 4s and more about cash math: how much debt the company is willing to carry, how it frames buybacks versus dividends, and whether spending plans stay disciplined if demand turns.
There’s a risk the story gets uglier fast if rate-cut hopes fade or the market keeps rotating away from expensive tech and chip names. A softer tape can also make insider selling look louder than it is, and any snag on a big deal can hit sentiment even before fundamentals change.
The next near-term test is timing. U.S. markets are closed on Monday, Feb. 16, for Washington’s Birthday, and traders return Tuesday to a shorter week. Texas Instruments has also scheduled a capital management webcast for Feb. 24 at 10 a.m. Central time, when Ilan and CFO Lizardi are set to lay out how they plan to drive free cash flow and shareholder returns. (Nyse)
