Seaport Research Says Rising Data Center Power Needs Could Boost Texas Instruments (TXN)

Texas Instruments Incorporated (NASDAQ:TXN) is included among the Dividend Stock Portfolio For Retirement: Top 12 Stock Picks.

On May 22, Seaport Research analyst Jay Goldberg upgraded Texas Instruments Incorporated (NASDAQ:TXN) to Buy from Neutral and assigned a $400 price target. The analyst said rising power consumption at data centers and increasing electrical intensity per rack were pushing companies to redesign power distribution systems inside data centers. According to the research note, this trend is creating a major growth opportunity for power analog semiconductor companies and could also improve margins across the sector.

On May 19, Mizuho raised its price recommendation on TXN to $300 from $255. It reiterated a Neutral rating on the shares. The firm said it increased price targets across the semiconductor sector after reviewing the impact of AI data centers on analog and memory markets. Channel checks showed that analog chips continued to benefit from growing AI server deployments, while NAND and DRAM memory markets also saw support from AI-related demand. The analyst added that supply conditions were expected to remain tight through the first half of 2027 and noted that a potential strike at Samsung Electronics remained a risk factor for the industry.

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

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