Texas Instruments Inc

TXN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$236.00	Cnbz	Dpdnfppms

Texas Instruments Earnings: Maintain $146 Valuation as Forecast Not as Bad as Feared

Brian Colello

Apr 24, 2024

Wide-moat Texas Instruments reported predictably soft first-quarter results but provided investors with a positive second-quarter forecast that does not point to a massive downturn in the automotive semiconductor market—at least not yet. Shares rose as much as 8% after hours, but we still view them as overvalued relative to our unchanged $146 fair value estimate.

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