Citi Maintains a Buy on Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (NASDAQ:TXN) is one of the best low volatility large cap stocks to invest in. Citi analyst Christopher Danely maintained a Buy rating on Texas Instruments Incorporated (NASDAQ:TXN) on November 24, setting a price target of $235.00.

Buy Texas Instruments (TXN) for its Innovation and Steady Dividend Income

In a separate development, Texas Instruments Incorporated (NASDAQ:TXN) announced on November 6 the opening of its newest, state-of-the-art assembly and test factory in Melaka, Malaysia, TIEM2, featuring advanced factory automation to probe, bump, test, and assemble billions of analog and embedded chips annually. These are essential for nearly all kinds of electronic systems, ranging from vehicles to smartphones to data centers.

Management further reported that the company’s new in-production six-level factory in Melaka spans over 900,000 square feet and connects to its existing Melaka assembly and test factory. The combined facilities now span over 1.4 million square feet of manufacturing space for the transformation of processed semiconductor wafers into finished chips.

Texas Instruments Incorporated’s (NASDAQ:TXN) Melaka expansion reflects a potential investment of up to MYR 5 billion, and would be equipped to align with demand for analog and embedded processing chips over time. When fully operational, the factory would also be able to support up to 500 local jobs.

In addition, the investment supports Texas Instruments Incorporated’s (NASDAQ:TXN) plans to bring 90% of its assembly and test operations internal by 2030, bolstering its international manufacturing operations by controlling and owning its supply chain.

Texas Instruments Incorporated (NASDAQ:TXN) is involved in the design and manufacture of semiconductors. Its operations are divided into the following segments: Analog, Embedded Processing, and Other.

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Disclosure: None. This article is originally published at Insider Monkey.