This Semiconductor Stock Holds 30% Upside: Analyst
This Semiconductor Stock Holds 30% Upside: Analyst
Texas Instruments Inc (NASDAQ:TXN) might be gearing up for a substantial upside. Citigroup increased its price target for its stock from $200 to $235. Analyst Christopher Danely upgraded the stock from Neutral to Buy.
德州儀器股份有限公司（納斯達克股票代碼：TXN）可能正在爲大幅上漲做準備。花旗集團將德州儀器股票的目標價從200美元上調至235美元。分析師克里斯托弗·丹利將股票評級由中立升級爲買入。
Additionally, JPMorgan analyst Harlan Sur has outlined a potential 30% surge in the company's stock price by December 2025.
此外，摩根大通分析師哈蘭·瑟爾指出，到2025年12月，該公司股票價格有可能上漲30%。
Texas Instruments Stock's Fair Value Could Hit $275 by 2026
德州儀器股票的公允價值可能在2026年達到275美元。
In a recent capital management strategy update, Texas Instruments laid out a scenario analysis. The analysis centered around driving approximately $9 of free cash flow per share by 2026.
在最近的資本管理策略更新中，德州儀器提出了一份情景分析。該分析圍繞着到2026年每股驅動約9美元的自由現金流。
JPMorgan's Sur remains confident in the stock, maintaining an Overweight rating with a price target of $230 by December 2025. With the current price hovering around $200 — that's a straight 30% upside from current price levels.
摩根大通的哈蘭·瑟爾對該公司的股票依然充滿信心，維持超配評級，目標價爲2025年12月的230美元。當前價格大約在200美元左右，相較於當前價格水平，這將帶來30%的直接上漲。
However, the analyst believes the fair value could be as high as $250 to $275 per share, based on a 28-30x free cash flow multiple, by 2026.
然而，分析師認爲，到2026年，公司的公允價值可能高達每股250美元至275美元，基於28-30倍自由現金流倍數。
Strong Revenue Growth, Strategic Expansion
業務增長強勁，戰略擴張
"TI's business strategy has not changed, and the team continues to see a strong, albeit more reasonable 7%-9% revenue CAGR going forward," Sur noted.
「德州儀器的業務策略沒有改變，團隊繼續看好未來7%-9%的營業收入複合年增長率，儘管增長幅度更爲合理，」瑟爾指出。
This growth is expected to be driven by increased semiconductor content, particularly in the automotive and industrial sectors — both key markets for the company.
預計這種增長將由半導體行業的增加內容推動，特別是汽車和工業領域，這兩個市場對該公司來說都是關鍵市場。
Additionally, the company's strategic build-out of its 300mm, low-cost U.S. manufacturing capacity will benefit from the evolving geopolitical landscape.
此外，該公司在美國建立低成本的300mm製造能力的戰略佈局將受到地緣政治格局的影響。
Read Also: Texas Instruments To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Wednesday
閱讀還有：德州儀器股價將上漲16%？以下是週三10位頂級分析師的預測
Flexibility in Capex Spending
資本支出的靈活性
Sur highlighted Texas Instruments' robust approach to capital management, emphasizing the company's ability to scale capex spending flexibly based on demand.
Sur強調德州儀器在資本管理方面的強勁方法，重點強調該公司能夠根據需求靈活調整資本支出。
"Under this investment phase, the team has more scalability of capex and is able to drive higher free cash flow per share growth across a range of market conditions," he explained.
他解釋說：「在這個投資階段下，團隊在資本支出方面擁有更強的伸縮性，並且能夠在各種市場情況下推動更高的每股自由現金流增長。」
Best-In-Class FCF, Dividend Growth
最佳自由現金流、股息增長
As Texas Instruments emerges from a heavy investment cycle, Sur expects the company to deliver "best-in-class free cash flow per share and dividend growth over the longer term."
Sur預計德州儀器在重度投資週期過後，公司將長期提供「業界最佳的每股自由現金流和股息增長。」
Sur projects the company's gross margins will trend higher. He sees a return to a 25%-35% free cash flow margin target by 2026.
Sur預測該公司的毛利率將呈上升趨勢。他預計到2026年，自由現金流利率將恢復到25%-35%的目標水平。
With Texas Instruments positioned as a leader in high-value analog and embedded products, Sur sees the stock as a high-quality investment. With above-average leverage, broad-based market exposure, and a shareholder-friendly capital allocation strategy, Texas Instruments is poised for better days ahead.
作爲高價值模擬和嵌入式產品的領導者，德州儀器被Sur視爲高品質投資。擁有高於平均水平的槓桿、廣泛的市場曝光和股東友好型的資本配置策略，德州儀器正準備迎來更美好的未來。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。