Texas Instruments (TXN) signs prelim agreement for up to $1.6B in CHIPS and Science Act proposed funding for semiconductor manufacturing in Texas and Utah
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Stifel Reiterates Hold Rating on Texas Instruments (TXN)
August 20, 2024 3:15 PM EDTStifel analyst Tore Svanberg reiterated a Hold rating and $200.00 price target on Texas Instruments (NASDAQ: TXN).
The analyst comments "With todays updated capital management plan, we believe there has been a clear structural change not necessarily in the companys ability to achieve its FCF/ share growth targets, but rather the additional... More
Texas Instruments (TXN) PT Raised to $200 at Deutsche Bank
August 20, 2024 3:13 PM EDTDeutsche Bank analyst Ross Seymore raised the price target on Texas Instruments (NASDAQ: TXN) to $200.00 (from $185.00) while maintaining a Hold rating.
The analyst comments "TXN has long been one of the most efficient allocators of capital within the semiconductor sector and we believe todays Capital Management Update should comfort... More
Texas Instruments (TXN) expects free cash flow to jump in 2026, Elliott comments
August 20, 2024 1:39 PM EDTTexas Instruments (NASDAQ: TXN) said in a conference call with analysts on Tuesday that it anticipates a significant increase in free cash flow (FCF) by 2026, driven by a rebound in demand and a more disciplined approach to capital spending, following pressure from activist investor Elliott Investment Management.
In recent years, Texas Instruments has focused on expanding its manufacturing capacity to avoid the kind of chip shortages experienced during the pandemic and to meet future demand.
However, this strategy has attracted scrutiny from investors, as the associated expenses have put a... More
Bernstein SocGen Group Reiterates Underperform Rating on Texas Instruments (TXN)
August 19, 2024 5:53 AM EDTBernstein SocGen Group analyst Stacy Rasgon reiterated an Underperform rating and $140.00 price target on Texas Instruments (NASDAQ: TXN)
The analyst comments "We do not expect capex cuts to be articulated for this year, or next (in fact the companys CHIPS Act announcements last week, particularly the tax credits, likely dont leave much room... More
