This Semiconductor Stock Holds 30% Upside: Analyst
This Semiconductor Stock Holds 30% Upside: Analyst
Texas Instruments Inc (NASDAQ:TXN) might be gearing up for a substantial upside. Citigroup increased its price target for its stock from $200 to $235. Analyst Christopher Danely upgraded the stock from Neutral to Buy.
德州仪器公司（纳斯达克：TXN）可能会迎来相当大的上涨。花旗集团将其股票的目标价格从200美元上调至235美元。分析师克里斯托弗·达内利（Christopher Danely）将该股票的评级从中立升级为买入。
Additionally, JPMorgan analyst Harlan Sur has outlined a potential 30% surge in the company's stock price by December 2025.
此外，摩根大通的分析师哈兰·瑟尔（Harlan Sur）概述了该公司股价到2025年12月可能上涨30%的潜力。
Texas Instruments Stock's Fair Value Could Hit $275 by 2026
德州仪器股票的公允价值可能会在2026年达到275美元。
In a recent capital management strategy update, Texas Instruments laid out a scenario analysis. The analysis centered around driving approximately $9 of free cash flow per share by 2026.
在最近的资本管理策略更新中，德州仪器提出了一种情景分析。该分析集中在到2026年实现每股约9美元的自由现金流。
JPMorgan's Sur remains confident in the stock, maintaining an Overweight rating with a price target of $230 by December 2025. With the current price hovering around $200 — that's a straight 30% upside from current price levels.
摩根大通的瑟尔对该股持有信心，维持股票的超配评级，并将其目标价格设置为2025年12月的230美元。当前股价大约在200美元左右，相比当前价格水平，这是一个垂直的30%上涨。
However, the analyst believes the fair value could be as high as $250 to $275 per share, based on a 28-30x free cash flow multiple, by 2026.
然而，该分析师认为，根据2026年的28-30倍自由现金流乘数，公允价值可能达到每股250美元至275美元。
Strong Revenue Growth, Strategic Expansion
强劲的营业收入增长，战略扩张
"TI's business strategy has not changed, and the team continues to see a strong, albeit more reasonable 7%-9% revenue CAGR going forward," Sur noted.
“TI的业务策略没有变化，团队继续看好未来强劲但更加合理的7%-9%的营业收入年均增长率，”瑟尔指出。
This growth is expected to be driven by increased semiconductor content, particularly in the automotive and industrial sectors — both key markets for the company.
这种增长预计将受到半导体内容的增加推动，特别是在汽车和工业领域——这两个对该公司来说都是关键市场。
Additionally, the company's strategic build-out of its 300mm, low-cost U.S. manufacturing capacity will benefit from the evolving geopolitical landscape.
此外，该公司对其300mm、低成本的美国制造能力的战略建设将从不断演变的地缘政治背景中获益。
Read Also: Texas Instruments To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Wednesday
还阅读：德州仪器股价将上涨16%？以下是周三10位顶级分析师的预测
Flexibility in Capex Spending
灵活性的资本支出
Sur highlighted Texas Instruments' robust approach to capital management, emphasizing the company's ability to scale capex spending flexibly based on demand.
Sur强调了德州仪器在资本管理方面的强大举措，强调了公司根据需求灵活调整资本支出的能力。
"Under this investment phase, the team has more scalability of capex and is able to drive higher free cash flow per share growth across a range of market conditions," he explained.
他解释说：“在这一投资阶段下，团队在资本支出方面拥有更高的可扩展性，并能够在一系列市场条件下实现更高的自由现金流每股增长。”
Best-In-Class FCF, Dividend Growth
最佳自由现金流、股息增长
As Texas Instruments emerges from a heavy investment cycle, Sur expects the company to deliver "best-in-class free cash flow per share and dividend growth over the longer term."
在德州仪器从一轮重资产投资周期中崛起之际，Sur预计该公司将在较长期内交付“最佳自由现金流每股增长和股息增长”。
Sur projects the company's gross margins will trend higher. He sees a return to a 25%-35% free cash flow margin target by 2026.
Sur预计公司的毛利率将会上升。他预计到2026年，自由现金流率目标将会回到25%-35%。
With Texas Instruments positioned as a leader in high-value analog and embedded products, Sur sees the stock as a high-quality investment. With above-average leverage, broad-based market exposure, and a shareholder-friendly capital allocation strategy, Texas Instruments is poised for better days ahead.
作为高价值模拟和嵌入式产品的领导者，Sur认为德州仪器是一个高质量的投资。凭借高于平均水平的杠杆率、广泛的市场曝光和股东友好型的资本配置策略，德州仪器前景光明。
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Photo: Shutterstock
Photo: shutterstock