Texas Instruments Incorporated (TXN): “They’re So Good,” Says Jim Cramer

We recently published Jim Cramer Recently Talked About These 10 Stocks. Texas Instruments Incorporated (NASDAQ:TXN) is one of the stocks Jim Cramer recently discussed.

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

Texas Instruments Incorporated (NASDAQ:TXN) is a semiconductor company that makes and sells power management and other associated products. Cramer’s previous comments about the firm have opined that investors have now started to catch up to Texas Instruments Incorporated (NASDAQ:TXN). However, the firm’s shares dipped by a whopping 9.5% in July after the firm forecast Q3 revenue to sit at a midpoint of $4.63 billion, which was only slightly higher than the $4.59 billion analysts had expected. Texas Instruments Incorporated (NASDAQ:TXN) also suffered from management warning investors that tariffs were reshaping global demand for its products. Here is what Cramer said:

“They’re so good. And look at the price targets. They’re so below, I don’t know, hit up Texas Instruments, I don’t even know where it is. Like you look at these and you just say, what were people doing with price targets of 190? 170? Look at that, I mean people who were, target 160. And those are the people who have to take up their numbers. And they don’t want to take up their numbers like today, because, then they are revealed as people who were not believers in the year of magical thinking.”

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