Texas Instruments Inc
TXN: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| yKH | LOCK|?# | LOCK|k>^zHvxJ |
Texas Instruments: Capital Management Plans Remain Steady; Maintain $185 Fair Value Estimate
We maintain our $185 fair value estimate for wide-moat Texas Instruments on the heels of the company’s annual Capital Management call. We were not particularly surprised with any of TI’s estimates or commentary, especially since the firm held a similar, off-cycle call in August. TI didn’t update its near-term guidance from a couple of weeks ago, and no news is good news in our opinion, as tariffs and other factors are contributing to an uncertain macroeconomic landscape. Shares appear fairly valued to us.
