5 Undervalued Chip Stocks To Buy Today

2. Texas Instruments Incorporated (NASDAQ:TXN)

Number of Recent Mentions: 7

Number of Hedge Fund Holders: 59

Founded in 1930, Texas Instruments Incorporated (NASDAQ:TXN) is a global semiconductor and technology company based in Dallas, Texas. Some of the key products and services offered by Texas Instruments Incorporated (NASDAQ:TXN) include microprocessors, microcontrollers, and application-specific integrated circuits (ASICs) for use in a wide range of electronic devices. The company also produces a range of sensors and other components for use in automotive and industrial applications.

On October 26, 2022, Cody Acree, an analyst at Benchmark, reduced his price target on Texas Instruments Incorporated (NASDAQ:TXN) to $189 while keeping a Buy rating on the company’s stock. According to the analyst, the company’s cautious fourth-quarter outlook aligns with much of the market’s expectations.

According to Insider Monkey’s database, 59 hedge funds owned stakes in the company at the end of the September quarter. First Eagle Investment Management held the biggest stake in Texas Instruments Incorporated (NASDAQ:TXN) at the end of Q3 2022.