Cantor Fitzgerald Lifts Texas Instruments (TXN) Target, Sees Balanced Earnings Outlook

Texas Instruments Incorporated (NASDAQ:TXN) is included among the Goldman Sachs Dividend Stocks: Top 14 Stock Picks.

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On February 23, Cantor Fitzgerald expert Matthew Prisco raised the terms proposal connected Texas Instruments Incorporated (NASDAQ:TXN) to $250 from $225. The expert reiterated a Neutral standing connected the shares. In a probe note, helium said the company’s net study is expected to beryllium reasonably balanced. He added that investors volition apt wage adjacent attraction to capex guidance and immoderate updates to gross and escaped currency travel expectations.

Earlier, connected February 4, Texas Instruments announced it had agreed to get Silicon Laboratories successful a $7.5 cardinal deal. This is the company’s largest acquisition since its acquisition of National Semiconductor successful 2011. The determination reflects its propulsion to grow deeper into wireless connectivity chips, which are utilized crossed concern systems and mundane user devices. The acquisition brings unneurotic 2 complementary businesses. Silicon Labs offers spot successful mixed-signal and wireless connectivity solutions. Texas Instruments brings its established analog and embedded processing portfolio, on with its interior manufacturing capabilities.

Management expects the combined institution to beryllium successful a stronger presumption to service customers. The broader portfolio and method capabilities should assistance enactment innovation and unfastened entree to much markets implicit time.

Texas Instruments Incorporated (NASDAQ:TXN) designs, manufactures, tests, and sells analog and embedded processing chips. Its products are wide utilized successful concern equipment, vehicles, user electronics, communications infrastructure, and endeavor systems.

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