Citi Raises Price Targets for Texas Instruments and ON Semiconductor
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: seekingalpha
- Price Target Increase: Citi raised Texas Instruments' (TXN) price target from $280 to $345 while reiterating it as a top pick, anticipating significant share gains in the data center power market starting in 2H26, which is expected to enhance the company's performance.
- Optimistic Outlook for ON: Citi raised ON Semiconductor's (ON) price target from $100 to $120, maintaining a Neutral rating, but analysts are optimistic about its Silicon Carbide (SiC) business recovery amid the 800V DC transition, expecting renewed momentum to be showcased at the Analyst Day on September 16.
- Market Growth Potential: Analysts project the power delivery market (800V-to-1V conversion) to grow from approximately $2 billion in 2026 to around $12 billion by 2028, with a compound annual growth rate exceeding 70%, driven by rising power requirements for next-gen GPU and ASIC chips.
- Connector Market Opportunities: As the 800V DC transition progresses, analysts believe companies like Amphenol (APH) and TE Connectivity (TEL) will benefit from increased demand for power distribution and thermal management units, further solidifying their market positions.
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Analyst Views on TXN
Wall Street analysts forecast TXN stock price to fall
20 Analyst Rating
10 Buy
5 Hold
5 Sell
Hold
Current: 301.880
Low
125.00
Averages
193.53
High
245.00
Current: 301.880
Low
125.00
Averages
193.53
High
245.00
About TXN
Texas Instruments Incorporated is engaged in the design and manufacture of semiconductors. The Company operates through two segments, which include Analog and Embedded Processing. Its Analog segment semiconductors are used to manage power in all electronic equipment by converting, distributing, storing, discharging, isolating, and measuring electrical energy. It consists of two products, which include Power and Signal Chain. The Analog segment includes product lines, such as Power and Signal Chain. Power includes products that help customers manage power in electronic systems. Signal Chain products include amplifiers, data converters, interface products, motor drives, clocks, logic, and sensing products. Its portfolio is designed to manage power requirements across different voltage levels. The Embedded Processing segment products are designed to handle specific tasks and can be optimized for various combinations of performance, power, and cost, depending on the application.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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