Texas Instruments Inc. soared in late trading after giving a surprisingly robust forecast for the first quarter, indicating that demand for industrial equipment and vehicles is recovering from a rough patch.

The semiconductor company said it expects earnings growth in the current quarter as data centers contribute more to sales and the industrial market recovers.

Texas Instruments saw a marginal increase of 0.02%, closing at $196.63. The stock hit an intraday high of $198.41 and a low of $194.34, with a 52-week range of $139.95 to $221.69. The stock shot up 8.08% to $212.51 in the after-hours trading.

Texas Instruments Incorporated (NASDAQ:TXN) is included among the 15 Best S&P 500 Dividend Stocks to Buy in 2026. On January 16, Stifel analyst Tore Svanberg raised Texas Instruments Incorporated (NASDAQ:TXN)’s price target to $200 from $170 and maintained a Hold rating on the stock.

CNBC's Kristina Partsinevelos joins 'Closing Bell Overtime' with chip maker Texas Instrument's quarterly results.

In recent weeks, analysts have highlighted growing signs of demand recovery in the industrial markets where Texas Instruments’ chips are primarily used. Earlier this month, BNP Paribas analysts said a restocking cycle is underway in industrial semiconductors and that it’s expected to drive growth in the analog chip segment.

By Arsheeya Bajwa Jan 27 (Reuters) - Texas Instruments forecast first-quarter revenue and profit above Wall Street estimates on Tuesday, betting on robust demand for its analog chips from booming AI data center expansions,

Check out the companies making headlines in after-hours trading. Texas Instruments — The chipmaker jumped more than 9% after issuing better-than-expected guidance for the first quarter. Texas Instruments now sees earnings per share of between $1.