Elliott Statement on Positive Steps Announced by Texas Instruments
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July 24, 2024 9:25 AM EDT
BofA Securities analyst Vivek Arya raised the price target on Texas Instruments (NASDAQ: TXN) to $225.00 (from $220.00) while maintaining a Neutral rating.
The analyst comments "We reiterate our Neutral rating Q2 results and Q3 sales were inline and TXN announced a special capital... More
July 24, 2024 7:12 AM EDT
Stifel analyst Tore Svanberg reiterated a Hold rating and $200.00 price target on Texas Instruments (NASDAQ: TXN)
The analyst comments " Overall, we maintain our Hold rating on TXN given our view that such puts and takes are largely priced in,... More
July 24, 2024 6:35 AM EDT
Cantor Fitzgerald analyst C.J. Muse reiterated a Neutral rating and $210.00 price target on Texas Instruments (NASDAQ: TXN)
The analyst comments "On the surface, Texas Instruments offered a better-than-feared report with guidance in line with consensus ($4.10B/$1.36 vs. cons $4.10B/$1.36) following the more negative guide from NXPI. Here, we highlight strength in the June Q from Personal Electronics, Enterprise, and Other (Calculators/ DLP). On the other hand, we note Industrial and Automotive declined LSD Q/Q and MSD Q/Q, respectively. Specific to Industrial, more than ½ of the sub-segments have bottomed while the... More
July 24, 2024 5:15 AM EDT
JPMorgan analyst Harlan Sur raised the price target on Texas Instruments (NASDAQ: TXN) to $230.00 (from $195.00) while maintaining a Overweight rating.
The analyst comments "Texas Instruments delivered solid Jun-Qtr results (in-line revenue with better margins/earnings) reflecting the start of the cyclical recovery off of the Mar-Qtr bottom. The end markets/geographies that were first to enter into this downcycle (i.e. personal electronics, enterprise, some subsegments in industrial, and the China geography) are now returning to seasonal demand patterns and growing while end markets that were last to enter down-cycle like Auto and some... More
July 24, 2024 4:58 AM EDT
Evercore ISI analyst Mark Lipacis raised the price target on Texas Instruments (NASDAQ: TXN) to $255.00 (from $225.00) while maintaining a Outperform rating.
The analyst comments "In-Line/Slight Miss, But Early Signals of Snapback. Our conviction in TXN as a top pick increases post an in-line/slight miss 2Q24 print, as a number of signals indicate TXN is poise to print a material snapback in earnings within the next 2-to-3 quarters. We continue to... More
