5 Best Dividend Stocks to Buy According to D. E. Shaw

1. Texas Instruments Incorporated (NASDAQ:TXN)

D E Shaw’s Stake Value: $833,322,071

On June 9, Wells Fargo raised its price recommendation on Texas Instruments Incorporated (NASDAQ:TXN) to $300 from $260. It reiterated an Equal Weight rating on the shares. The firm believes the emergence of physical AI is creating a potentially meaningful long-term opportunity for analog and mixed-signal semiconductor companies. According to Wells Fargo, humanoid robots could become an important source of additional demand, with the firm estimating a semiconductor market opportunity of $1.6B by 2030.

Earlier, on May 26, BofA increased its price goal on TXN to $370 from $320. It kept a Buy rating on the stock. The firm said Texas Instruments’ multi-year content gains still appear to be underappreciated by investors. It also noted that the company’s core industrial and automotive markets “have finally turned the corner,” shifting from headwinds to cyclical tailwinds. In a research note, the analyst said these tailwinds are being further supported by “transformative” growth in AI-related data demand.

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures semiconductors. The company operates through two business segments: Analog and Embedded Processing.

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