Texas Instruments Stock Is Down 16% From Its 52-Week High. Is It a Buy?

Texas Instruments shares have declined 16% from their 52-week high despite strong Q2 earnings (23% revenue growth, 52% EPS growth) and doubled data center revenue. The stock sell-off was driven by soft Q3 guidance below analyst expectations, though management attributes this to timing of price increases rather than weak demand. The company benefits from AI infrastructure buildout, strong industrial demand, and offers an attractive 2.1% dividend yield with 22 consecutive years of increases.