RBC Capital Maintains an 'Outperform' on Texas Instruments (TXN), But Cautious on Concerning Commentary

RBC Capital maintains an 'Outperform' on Texas Instruments (NASDAQ: TXN) price target of $32.00.

Analyst, Doug Freedman, said, "TXN’s commentary on weakening end-market health, slowing order trends, and lean customer inventory environment is concerning given TXN broad scale, ~4.5% of the total semiconductor market and ~17% of the analog market. We acknowledge that this cycle is an anomaly as broader demand softening is atypical through this time frame, and especially to TXN given its consumer exposure is often a catalyst to 2H revenues. Consequently, the broader market trends leading to TXN’s slower organic growth leads us to believe that the headwinds are potentially more than company-specific issues.

For an analyst ratings summary and ratings history on Texas Instruments click here. For more ratings news on Texas Instruments click here.

Shares of Texas Instruments closed at $28.58 yesterday.

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