Texas Instruments Gets Upgrade from Seaport Research, Neutral Rating Indicates More Balanced Outlook

Texas Instruments has received an upgrade in its stock rating from Seaport Research, shifting from Sell to Neutral. The company's revenue increased 11% YoY to $4.1 billion, with analog revenue up 13% YoY. The average target price is $193.35, with a high estimate of $260.00 and a low estimate of $125.00. The estimated GF Value in one year is $168.85, suggesting a downside of 22.05% from the current price.

Texas Instruments (TXN) has seen its stock rating upgraded by Seaport Research from "Sell" to "Neutral." The upgrade reflects a more balanced outlook on the semiconductor company's prospects and performance. The upgrade comes amidst a mixed outlook for the semiconductor industry, with analysts offering varying price targets and recommendations.

The latest earnings report showed that Texas Instruments' revenue increased by 11% year-over-year (YoY) to $4.1 billion, driven by strong performance in the analog segment, which saw a 13% YoY increase. However, the company's gross profit margin decreased by 90 basis points sequentially, indicating some pressure on profitability. Operating expenses increased by 6% from the previous year, but the company maintained a strong balance sheet with $5 billion in cash and short-term investments.

Analysts' forecasts for TXN's stock price range from $125 to $260, with an average target of $193.35, suggesting a potential downside of 10.74% from the current price of $216.62. The consensus recommendation from 41 brokerage firms is currently "Hold," with an average brokerage recommendation of 2.7. GuruFocus estimates TXN's GF Value to be $168.85 in one year, indicating a downside of 22.05% from the current price.

Recent market developments and analyst updates have influenced TXN's stock price and rating. Stifel raised its price target to $192.00, while Bank of America adjusted its target to $218, reflecting a more optimistic view of TXN's financial outlook. Despite these upgrades, the company continues to face challenges, including uncertainty in the global market and potential weakness in the personal electronics segment.

Investors should closely monitor TXN's earnings reports and analyst updates to assess the company's performance and make informed investment decisions.

References:
[1] https://www.ainvest.com/news/texas-instruments-upgraded-seaport-global-sell-neutral-2507/
[2] https://www.gurufocus.com/news/2989406/texas-instruments-txn-receives-upgrade-from-seaport-research-txn-stock-news
[3] https://www.gurufocus.com/news/2987895/stifel-raises-price-target-for-texas-instruments-txn-to-192-txn-stock-news
[4] https://finance.yahoo.com/news/texas-instruments-txn-reports-earnings-030539520.html