On Oct 24, major Wall Street analysts update their ratings for $Texas Instruments (TXN.US)$, with price targets ranging from $140 to $298.
Morgan Stanley analyst Joseph Moore maintains with a sell rating, and adjusts the target price from $154 to $167.
J.P. Morgan analyst Harlan Sur maintains with a buy rating, and maintains the target price at $230.
BofA Securities analyst Vivek Arya maintains with a hold rating.
UBS analyst Timothy Arcuri maintains with a buy rating, and maintains the target price at $250.
Evercore analyst Mark Lipacis maintains with a buy rating, and adjusts the target price from $268 to $298.
Furthermore, according to the comprehensive report, the opinions of $Texas Instruments (TXN.US)$'s main analysts recently are as follows:
Texas Instruments' primary segment, Industrial, is showing signs of ongoing decline, and the recent performance improvements in China may not be sustained over the long term.
Texas Instruments' recent quarter-end results exceeded expectations, primarily driven by strong performance in the automotive sector. However, there's uncertainty regarding the time it will take for weakness in end demand to affect broad market analog suppliers. The industrial sector is still notably weak, in contrast to the robustness of the automotive sector, and it is anticipated that these trends may change moving forward.
The company's automotive segment shows improved performance in China, with a growth of 20% in the past two quarters. However, this is counterbalanced by a weaker Industrial segment, resulting in a perspective that the stock appears relatively more expensive.
The recommendation to augment holdings in Texas Instruments is supported by forecasts of Q4 revenues surpassing the upper limit of the company's guidance. This anticipation stems from the belief that Texas Instruments is approaching a period historically known for exceeding expectations and has prepared the groundwork for positive surprises continuing up to 2025.
The firm observed that Texas Instruments has experienced sequential revenue growth across all end-markets with the exception of industrial, which company management and peers have suggested represents a cyclical recovery. It is argued that these sequential comparisons underscore shipments aligning with actual end-demand levels, following a period of considerable undershipping.
Here are the latest investment ratings and price targets for $Texas Instruments (TXN.US)$ from 13 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.