Benchmark analyst Cody Acree raised the firm’s price target on Texas Instruments to $203 from $189 and keeps a Buy rating on the shares after the company reported Q4 results "just slightly better than forecast." Though softer results broke a sequential and annual growth streak, the company’s end-market demand "performed very much as the firm projected back in October" and Benchmark calls it "not surprising" that TI has seen the weaker Q4 demand trends extend into the current first quarter.
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Published first on TheFly
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- TXN Results Impact the Chip Sector
- Texas Instruments price target raised to $165 from $159 at Mizuho
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- Texas Instruments says Q4 results reflect weaker demand in all end markets
- TI reports Q4 2022 and 2022 financial results and shareholder returns