Movement Alert|Texas Instruments Rises 4.17% in Regular Trading, Multiple Brokerages Raise Target Prices Ahead of Q2 Earnings Release

Market Focus
Jul 21

On July 21, Texas Instruments rose 4.17% in regular trading, trading at $296.59/share, with turnover of $50.37 million. The rally was driven by imminent Q2 earnings and a wave of analyst target price upgrades.

The company is scheduled to report second-quarter results on July 22 after market close. Market consensus expects revenue of $5.246 billion, up 20.41% year-over-year, with adjusted EPS of $1.93, representing a 42.77% increase, fueling bullish sentiment ahead of the release.

Multiple brokerages have recently raised their price targets: KeyBanc lifted its target from $325 to $390 maintaining an Overweight rating, TD Cowen raised from $300 to $360 maintaining Buy, UBS increased from $295 to $350 maintaining Buy, and Cantor Fitzgerald moved from $300 to $340. Morgan Stanley also raised its target modestly from $221 to $230, though maintaining an Underweight rating. The average analyst target now stands at approximately $309.72.

Within the Semiconductor sector, broad strength was evident, with SK hynix up 7.46%, Micron Technology up 7.24%, Intel up 6.01%, AMD up 4.52%, and NVIDIA up 1.81%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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