Texas Instruments Inc
TXN: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$114.00 | Zbtc | Cyykjpgzk |
Texas Instruments Earnings: Maintain $146 Valuation as Forecast Not as Bad as Feared
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.