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.

On February 23, Cantor Fitzgerald analyst Matthew Prisco raised the price recommendation on Texas Instruments Incorporated (NASDAQ:TXN) to $250 from $225. The analyst reiterated a Neutral rating on the shares. In a research note, he said the company’s earnings report is expected to be fairly balanced. He added that investors will likely pay close attention to capex guidance and any updates to revenue and free cash flow expectations.

Earlier, on February 4, Texas Instruments announced it had agreed to acquire Silicon Laboratories in a $7.5 billion deal. This is the company’s largest acquisition since its purchase of National Semiconductor in 2011. The move reflects its push to expand deeper into wireless connectivity chips, which are used across industrial systems and everyday consumer devices. The acquisition brings together two complementary businesses. Silicon Labs offers strength in mixed-signal and wireless connectivity solutions. Texas Instruments brings its established analog and embedded processing portfolio, along with its internal manufacturing capabilities.

Management expects the combined company to be in a stronger position to serve customers. The broader portfolio and technical capabilities should help support innovation and open access to more markets over time.

Texas Instruments Incorporated (NASDAQ:TXN) designs, manufactures, tests, and sells analog and embedded processing chips. Its products are widely used in industrial equipment, vehicles, consumer electronics, communications infrastructure, and enterprise systems.

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