Mizuho Raises Texas Instruments (TXN) Price Target on Strong AI Server Demand

On May 19, Mizuho raised its terms proposal connected Texas Instruments Incorporated (NASDAQ:TXN) to $300 from $255. It reiterated a Neutral standing connected the shares. The steadfast accrued terms targets crossed the semiconductor assemblage aft reviewing the interaction of AI information centers connected the analog and representation markets. According to the analyst, transmission checks showed that analog chips proceed to payment from AI server ramp-ups. Memory markets are besides seeing continued spot crossed NAND and DRAM owed to increasing AI server demand. Mizuho expects proviso conditions to stay choky done the archetypal fractional of 2027 and pointed to a imaginable Samsung onslaught arsenic different origin to watch.

During the company’s Q1 2026 net call, CEO Haviv Ilan highlighted Texas Instruments’ statement to get Silicon Labs arsenic a large strategical move. He said the transaction was expected to adjacent successful the archetypal fractional of 2027, taxable to regulatory approvals.

CFO Rafael Lizardi said the institution reported nett income of $1.5 billion, oregon $1.68 per share, for the quarter. He added that net per stock benefited by $0.05 from items not included successful the company’s archetypal guidance, chiefly related to discrete taxation benefits.

Discussing shareholder returns and the company’s equilibrium sheet, Lizardi said Texas Instruments paid $1.3 cardinal successful dividends and repurchased $158 cardinal worthy of shares during the quarter. He besides noted that the institution maintained a beardown equilibrium sheet, supported by $5.1 cardinal successful currency and short-term investments.

Texas Instruments Incorporated (NASDAQ:TXN) designs, manufactures, tests, and sells analog and embedded processing chips. Its products are utilized crossed industrial, automotive, idiosyncratic electronics, communications equipment, and endeavor systems markets.

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