#5 - Texas Instruments (NASDAQ:TXN)
Texas Instruments (NASDAQ:TXN) gives investors an attractive option for capitalizing on the growth in semiconductor stocks. TXN stock hasn’t been the strongest performer in the chip sector in 2021. For example, the company’s 16% growth is below the 42% growth shown by the iShares Semiconductor ETF (NASDAQ:SOXX) which has climbed 42%.
One reason for this may be that Texas Instruments generates much of their revenue from the automotive sector. This was a volatile sector in 2021, but one that is likely to have significant upside in 2022.
However, investors who perform their due diligence will notice that the company received three bullish price target increases since it last reported earnings. This could push TXN stock up far higher than the 10% upside forecast by the current analysts’ estimates.
But again, this is a presentation about large-cap stocks. And that means that you’re trading a little growth for the consistent dividend. And Texas Instruments has increased its dividend in each of the last 18 years.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.
Read More - Current Price
- $197.29
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 11 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $182.48 (7.5% Downside)
