Latest news with #Buchalter
Business Insider
13-07-2025
- Business
- Business Insider
TD Cowen Upgrades Texas Instruments (TXN) Stock to Buy with $245 Target — Wall Street Split on Valuation
Texas Instruments (TXN) has been on a strong run lately. Shares are up nearly 47% over the past three months and have gained almost 20% year-to-date, handily beating both the S&P 500 (SPY) and even Nvidia (NVDA) over the same stretch. At $221.25, the stock is trading near its 52-week high, but Wall Street remains divided on whether there is more upside ahead. Nonetheless, Goldman Sachs, Citi, and KeyBanc all issued Buy ratings in the last week. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Analysts Split as Texas Instruments Rallies Toward Recovery TD Cowen stands out on the bullish side. Four-star Analyst Joshua Buchalter upgraded TXN stock to Buy from Hold and raised his price target to $245 from $200. That suggests about 11% upside. He sees early signs that industrial semiconductor de-stocking is nearing an end and believes Texas Instruments is well-positioned to benefit from a recovery. The company's U.S.-based 300mm fabs, streamlined product portfolio, and high utilization rates give it operating leverage as demand improves. Buchalter expects capital spending to reach $2.5 billion next year and believes free cash flow per share could more than double by 2026. Despite those positives, others are staying on the sidelines. Many analysts still view TXN as fairly valued, with tariff uncertainty and slowing macro trends in focus. Hedge funds reduced their holdings by 1.9 million shares last quarter, and insider transactions show more selling than buying over the past three months. Even so, the fundamentals remain solid. Return on equity is 29.04% over the trailing 12 months, and the dividend yield is 2.48%. Momentum is also strong, with a 13.87% gain over the past year and technical indicators showing a positive trend. With earnings coming up on July 22, the next update may shape how long this rally can last. For now, TXN sits at the intersection of cautious optimism and improving chip industry signals. Whether that's enough to drive the next leg higher remains to be seen. Is TXN a Good Stock to Buy? Out of 26 analysts who updated their price targets over the past three months, 13 have a Buy rating, 10 recommend Hold, and 3 rate the stock Sell, culminating in a Moderate Buy consensus. The average 12-month TXN stock price target sits at $198.27, implying a 10% downside from current levels.
CNBC
11-07-2025
- Business
- CNBC
This chip stock is outperforming and will continue going higher, TD Cowen says
Shares of Texas Instruments could be set up for more gains as the semiconductor industry backdrop improves, TD Cowen said. In a note dated Thursday, the firm upgraded the chip stock to buy from hold and hiked its price target to $245 from $200 — which implies more than 11% upside. "With more confidence the industrial semis de-stocking is ending, and flexible CapEx in 2026+, we raise our estimates and upgrade shares of TI to Buy with a $245 PT," analyst Joshua Buchalter wrote. "Tariff/ macro concerns linger, but we see TI positioned to outperform in either a sharp or gradual recovery." Texas Instruments has surged nearly 49% in the past three months, outpacing both the S & P 500 and artificial intelligence chip darling Nvidia in that timeframe. Shares have also more than doubled the broader market's gains in 2025, rising more than 17% year to date compared to the S & P 500's almost 7% jump. TXN NVDA 3M mountain TXN vs. NVDA, 3-month Though Buchalter noted that President Donald Trump's tariffs linger , which could lead to some demand constraints, he thinks that "inventory dynamics are the bigger swing factor for broad-based semis this earnings season." "Given TI's limited use of the channel, we believe the company is at the front of the line to participate in a recovery as consumption more closely matches sell-through, and for any potential end demand recovery," he wrote. "As supply and demand more closely align, we believe TI's cost-accretive US-based 300mm manufacturing footprint, and realigned embedded portfolio, position the company to regain share in key industrial and automotive end markets." Beyond that, Buchalter said the company will generate significant free-cash-flow growth, seeing it more than double in share price by 2026. He also estimates that its capital expenditures will reach $2.5 billion next year. Buchalter's bullish call is in the minority on Wall Street, however. Out of the 39 analysts covering Texas Instruments, only 12 in all have a strong buy or buy rating, according to LSEG, while 23 have stepped to the sidelines with a hold rating. The stock was almost 1% higher in the premarket on Friday following the upgrade.
Business Insider
16-06-2025
- Business
- Business Insider
Cowen Doubles Down on AMD Stock
Chip stock Advanced Micro Devices (NASDAQ:AMD) hasn't managed to light a fire under investors when it comes to its AI narrative. Expectations were riding high ahead of the recent Advance AI event, but the showcase came and went without delivering the stock a much-needed jolt. Confident Investing Starts Here: That said, while the event failed to move the needle on Wall Street, it wasn't without substance. AMD unveiled the MI350 series and ROCm 7, teased its upcoming MI400 'Helios' rack-scale solution, and even featured a cameo from OpenAI's Sam Altman. Cowen analyst Joshua Buchalter acknowledges the market's muted reaction, attributing it to the absence of financial updates. Still, he views the event as a meaningful step forward. 'We think AMD is laying important groundwork to more effectively participate in the AI TAM,' said Buchalter. 'Still a 'show-me' story, but one we're confident in.' Rome wasn't built in a day, says Buchalter, but the MI350 and MI400 feel like the AI GPU counterparts to AMD's early CPU platforms, which laid the foundation for a turning point. The event, he notes, tackled the very challenges that have hindered wider adoption of AMD's Instinct GPUs: expanding its ROCm software stack and developer community, and launching a competitive rack-scale solution by 2026. Altman shared his enthusiasm for the MI450X – slated for release in the second half of 2026 – highlighting its potential for both inference and training, thanks to the close collaboration between OpenAI and AMD, offering 'important early validation' for the product. AMD also showcased significant upgrades in ROCm 7 and pointed to its growing developer community as further momentum behind the platform. Buchalter acknowledges the significance of having seven of the ten largest AI players now using AMD chips. This includes early adopter Oracle, which is set to be one of the first to implement AMD's upcoming rack-scale solutions. The support is further reinforced by endorsements from major AI leaders like OpenAI, xAI, and Meta. 'That said,' he went on to add, 'we think AMD's sharp 2H25 AI GPU revenue ramp remains a 'show-me' story and is necessary to prove its competitiveness against NVIDIA (and ASIC rivals)… and drive investor confidence.' Moreover, investors will likely want concrete evidence that AMD can successfully scale its rack-scale solutions, especially considering Nvidia's widely known early struggles in this area (which now appear largely resolved). Nevertheless, Buchalter thinks the company is moving in the right direction. 'Against an expanding TAM, we think AMD is making the necessary gradual moves to cement its position as the de facto merchant alternative to NVIDIA,' the analyst summed up. All told, Buchalter assigns a Buy rating to AMD shares, although his $115 price target suggests the shares will stay rangebound for the time being. It will be interesting to see if Buchalter updates his target shortly. (To watch Buchalter's track record, click here) Elsewhere on the Street, the stock claims an additional 21 Buys and 11 Holds for a Moderate Buy consensus rating. At $127.23, the average price target suggests shares will climb 11% higher in the months ahead. (See AMD stock forecast) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Business Insider
13-06-2025
- Business
- Business Insider
STMicroelectronics (STM) Gets a Hold from TD Cowen
TD Cowen analyst Joshua Buchalter maintained a Hold rating on STMicroelectronics (STM – Research Report) yesterday and set a price target of $30.00. The company's shares closed yesterday at $29.91. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Buchalter covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Analog Devices. According to TipRanks, Buchalter has an average return of 0.1% and a 51.70% success rate on recommended stocks. STMicroelectronics has an analyst consensus of Moderate Buy, with a price target consensus of $27.02, implying a -9.66% downside from current levels. In a report released on June 6, Bank of America Securities also reiterated a Hold rating on the stock with a €27.00 price target. Based on STMicroelectronics' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.52 billion and a net profit of $56 million. In comparison, last year the company earned a revenue of $3.47 billion and had a net profit of $513 million
Business Wire
27-05-2025
- Business
- Business Wire
Adam Bass Member of the All-Star Faculty for Sandpiper Partner's Annual Los Angeles Legal Market Conference
LOS ANGELES--(BUSINESS WIRE)--Buchalter is pleased to announce that Adam Bass, President and Chief Executive Officer of Buchalter, will participate as a member of the all-star faculty of law firm partners during Sandpiper Partner's 16 th Annual Los Angeles Legal Market Conference 2025. Program highlights include, State of the LA Legal Market, State of the LA Real Estate Market, Financial Discipline and Profitability, and Why AI is Transformative. The conference takes place on Tuesday, June 4 from 9:00 a.m. to 1:30 p.m. PDT at The Pavilion, 2000 Avenue of the Stars. Sandpiper Partners has decades of experience producing educational solutions for law firms, law departments, legal vendors, and information providers serving the legal industry. Sandpiper Partners presents Legal Market annual conferences in major U.S. legal centers from New York to Chicago to California and London.
