Truist Lifts PT on Texas Instruments Incorporated (TXN) on Q1 Results and Q2 Guidance

Texas Instruments Incorporated (NASDAQ:TXN) is one of the best booming stocks to buy according to hedge funds. On April 23, Truist lifted the price target on Texas Instruments Incorporated (NASDAQ:TXN) to $278 from $225 while reaffirming a Hold rating on the shares. The firm told investors in a research note that the company delivered an excellent fiscal Q1 result and fiscal Q2 guidance, with demand strength broadening from AI and data centers to Industrial. It further stated that trends should be even better for suppliers with greater leverage or margins that haven’t recovered yet.

The same day, Cantor Fitzgerald also lifted the price target on Texas Instruments Incorporated (NASDAQ:TXN) to $280 from $250 while reiterating a Neutral rating on the shares. The firm stated in a research note that the quarter was solid for the company, with results exceeding expectations across the board and reinforcing the bullish analog semiconductor outlook. It further told investors that although the near-term momentum appears solid, geopolitical risks and uncertainty around memory constraints in the second half warrant a more cautious and selective stance for the broader sector medium term.

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

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