NASDAQ is losing ground as traders focus on economic data and take profits after the strong rebound from January lows. Texas Instruments, which is down by 7.55%, is the worst performer in the NASDAQ index today. The stock found itself under pressure as traders focused on the disappointing Q1 profit forecast.

Texas Instruments announced fourth-quarter earnings above expectations, but highlighted challenges with declining revenues year-over-year.

Deutsche Bank (ETR:DBKGn) reiterated a Hold rating on Texas Instruments (NASDAQ:TXN) with a steady price target of $200.00, as the stock trades near $197.51. According to InvestingPro data, the company appears overvalued at current levels,

U.S. stocks edged back from their all-time high as they closed out a second straight winning week. The S&P 500 fell 0.3% on Friday, a day after setting a record. The Dow Jones Industrial Average dropped 0.

Texas Instruments (NASDAQ:TXN) received a reiterated Buy rating and a $250.00 price target from Rosenblatt analysts ahead of its fourth-quarter earnings report, which is scheduled for release after the market closes on January 23,

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The housing market data was hotter than expected, while an S&P Global survey showed business activity slowing to a nine-month low in January as prices rose. However, firms reported increased hiring, supporting the Federal Reserve's cautious approach to monetary policy this year.

The S&P 500 ended lower on Friday after setting fresh intraday records earlier in the session, as investors took profits following a strong week. Despite the pullback, major US indexes notched their second consecutive weekly gains,

Texas Instruments shares tumbled Friday, leading other analog chipmaker stocks lower after the company’s disappointing profit forecast raised worries that a recovery for analog chips could be slower than anticipated.

Trading was quiet through the day, aided by relative steadiness in the bond market, which has been driving much of the action on Wall Street lately. When worries about inflation and the U.S. government’s swelling debt have been on the rise,

US benchmark equity indexes closed lower Friday as markets assessed the latest economic data, including a survey showing a drop in consumer sentiment and an increase in inflation expectations. The Nasdaq Composite fell 0.