Texas Instruments (TXN) is one of the world’s leading analog and embedded semiconductor companies, supplying critical chips used across industrial, automotive, communications, data center, and consumer electronics markets.
Citi recently reaffirmed its bullish stance on the stock, raising its price target to $345 from $280 and reiterating Texas Instruments as its top pick in the analog semiconductor space. Citi pointed to recent pricing increases, a stronger analog semiconductor recovery, and robust data center demand expected to drive roughly 30% annual growth in analog and power semiconductors.
