Texas Instruments leads semiconductors higher after strong Q2, 'optimistic' guidance

wellesenterprises/iStock Editorial via Getty Images Ahead of the Federal Reserve's interest rate decision, Texas Instruments (NASDAQ:TXN) led chip ...

July 27, 2022
8:12 PM

wellesenterprises/iStock Editorial via Getty Images Ahead of the Federal Reserve's interest rate decision, Texas Instruments (NASDAQ:TXN) led chip stocks higher on Wednesday, gaining more than 4%, as the analog semiconductor company posted second-quarter results that topped expectations and issued "optimistic" guidance. Susquehanna analyst Christopher Rolland, who has a positive rating and a $215 price target on Texas Instruments (TXN), noted that the company had "overestimated" the impact it would see from China's COVID-related lockdowns.

Chris Ciaccia