U.S. stocks were higher, with the Dow Jones gaining around 0.1% on Wednesday.
Shares of Texas Instruments Inc (NASDAQ:TXN) rose sharply during Wednesday's session after the company reported fourth-quarter financial results and issued first-quarter guidance with its midpoint above estimates.
Texas Instruments reported fourth-quarter revenue of $4.42 billion, missing analyst estimates of $4.44 billion. The company reported fourth-quarter earnings of $1.27 per share, missing analyst estimates of $1.30 per share, according to Benzinga Pro.
Multiple firms raised their respective price targets on the stock.
Texas Instruments shares jumped 8.3% to $212.85 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Stride Inc (NYSE:LRN) shares jumped 20.8% to $87.47.
- International Tower Hill Mines Ltd (NYSE:THM) shares surged 17% to $3.35.
- Seagate Technology Holdings PLC (NASDAQ:STX) gained 16% to $431.52 after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates. Also, Rosenblatt raised its price target on the stock from $370 to $500.
- Better Home & Finance Holding Co (NASDAQ:BETR) surged 14.7% to $35.16.
- Velo3D Inc (NASDAQ:VELO) gained 13.8% to $15.93 reflecting a positive sentiment in the market.
- Nextpower Inc (NASDAQ:NXT) gained 13.5% to $120.19 after the company reported better-than-expected third-quarter financial results and raised its FY26 guidance. Also, the company announced its joint venture will provide 2.25 gigawatts of solar tracking systems to Larsen & Toubro for the Bisha Solar project.
- Stellar Bancorp Inc (NYSE:STEL) gained 11.1% to $36.25 after the company reported better-than-expected quarterly sales results.
- Western Digital Corp (NASDAQ:WDC) gained 10.5% to $279.08 amid sympathy with Seagate Technology Holdings reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.
- Intel Corp (NASDAQ:INTC) surged 10.2% to $48.42.
- Avnet Inc (NASDAQ:AVT) gained 9% to $57.43 following upbeat quarterly earnings.
- Clear Channel Outdoor Holdings Inc (NYSE:CCO) gained 8.4% to $2.20.
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