Texas Instruments (TXN) hit a new 52-week high of $313.15 on Friday, trading up around 4–5% on the day, as a fresh analyst upgrade added fuel to a stock that has already climbed more than 72% this year.
Texas Instruments Incorporated, TXN
Seaport Research Partners upgraded TXN to Buy from Neutral and set a price target of $400. The firm’s thesis centers on one thing: power chips.
AI data centers are drawing more electricity than ever. Seaport analyst Jay Goldberg argues that this is forcing data centers to rethink how they distribute power — and that’s where Texas Instruments fits in.
“Growing power demand and electrical intensity per rack is driving data centers to re-architect the way in which they distribute electricity,” Goldberg wrote. He called TXN the “most diversified single-name way to play the entire 800V stack.”
Seaport expects the total addressable market for analog semiconductors to grow from $5 billion today to $15 billion by 2030. The new 800-volt rack architecture won’t be deployed at scale until 2028, but design decisions are expected to happen this year — meaning supply chain signals could emerge soon.
TXN’s data center numbers are already moving. Revenue in that segment grew roughly 90% year-over-year in the March quarter, and the company is raising prices on existing products due to tight supply and strong demand.
Mizuho analyst Vijay Rakesh noted the pricing dynamic and lifted his price target to $300 from $255, though he kept a Neutral rating.
The broader earnings picture was solid too. TXN reported Q1 EPS of $1.68, beating the $1.37 consensus by $0.31. Revenue of $4.83 billion was up 18.6% year-over-year. The company guided Q2 EPS to a range of $1.77–$2.05.
Return on equity came in at 32.49%, and net margin stood at 29.11%.
The analyst picture is mixed. Wolfe Research has an Outperform rating with a $315 target. UBS moved to Buy with a $295 target. Wells Fargo kept an Equal Weight rating and raised its target to $260. Goldman Sachs has a Sell rating with a $200 target.
MarketBeat’s consensus sits at Hold with an average price target of $263.65 — well below where the stock is currently trading.
Institutional buying has been steady. Norges Bank took a new position worth roughly $2.5 billion in Q4. Bank of New York Mellon grew its stake by 33.6% in Q1.
On the insider side, CFO Rafael R. Lizardi sold 47,734 shares on May 14th at an average price of $308.10 — a transaction worth over $14.7 million and representing a 35.83% reduction in his holding. Director Carrie Smith Cox also sold 8,838 shares on May 13th at $306.41.
Total insider selling over the past 90 days has reached $85.6 million worth of stock.
TXN also paid a quarterly dividend of $1.42 per share on May 19th, representing an annualized yield of about 1.8%.
The stock’s 50-day moving average stands at $236.29 and the 200-day at $205.49, both well below the current price.
The post Texas Instruments (TXN) Stock Hits 52-Week High as Data Center Demand Surges appeared first on CoinCentral.
