Tariff Stocks: 20 Stocks to Benefit From Onshoring Boom

7.  Texas Instruments Incorporated (NASDAQ:TXN)

Number of Hedge Fund Holders: 69

Texas Instruments Incorporated (NASDAQ:TXN) ranks among the stocks to benefit from an onshoring boom. On July 23, Truist Securities maintained its Hold rating on Texas Instruments Incorporated (NASDAQ:TXN) while raising its price objective to $196 from $171. The price target update comes despite Truist’s analyst observing a substantial change in the company’s position on tariffs, which now seem to be having a greater influence on the company’s business prospects than previously thought.

Earlier in the previous quarter and throughout Q2, Texas Instruments Incorporated (NASDAQ:TXN) dismissed tariffs as “mere noise” and described demand as high and customer inventories as lean.

According to Truist, Q2 strength currently seems to be more correlated with tariff pull-in than actual demand growth. This means that unless Texas Instruments Incorporated (NASDAQ:TXN) significantly boosts Q3 guidance, Q2 results could be the cycle’s peak growth.

Based in Dallas, Texas, Texas Instruments Incorporated (NASDAQ:TXN) is an American technology company that designs and manufactures semiconductors and other integrated circuits that it sells to electronics designers and producers globally.