Texas Instruments’ (TXN) Latest Move Boosts Analog Offerings – March 21, 2023

Texas Instruments (TXN Free Report) introduced a family of integrated circuits (ICs) with electromagnetic interference (EMI) filters to expand its analog offerings.

The newly launched IC family includes TPSF12C1, TPSF12C3, TPSF12C1-Q1 and TPSF12C3-Q1, which are characterized as the industry’s first standalone active EMI filter ICs.

Specifically, TPSF12C1 and TPSF12C3 are designed for single and three-phase commercial applications, while TPSF12C1-Q1 and TPSF12C3-Q1 are designed for automotive applications.

These ICs are able to address the challenge of EMI removal from electrical systems. These ICs can detect and reject common mode EMI in power systems such as AC/DC power supplies, onboard chargers, servers, and UPSs. This allows designers to reduce choke size by 50%.

The new ICs help engineers increase system functionality at a lower cost while still meeting EMI regulations.

Given the benefits and useful features, we believe Texas Instruments will gain solid momentum in automotive, corporate, aerospace and industrial applications based on its recent move.

Analog segment in focus

With the new IC family, Texas Instruments is strengthening its power management and power supply offering, thereby strengthening the analog segment.

The analog segment, in particular, is an integral part of Texas Instruments as it generates the bulk of its overall revenue.

In the fourth quarter of 2022, the segment generated revenue of $3.6 billion, accounting for 76.2% of total revenue.

As such, Texas Instruments’ growing efforts to expand its analog segment should continue to drive financial performance in the short and long term.

This, in turn, will instill optimism in investors about the stock.

In terms of stock performance, TXN is down 0.7% over the past year, compared to a 10% industry decline.

Expansion of the portfolio

The latest move comes in line with the company’s growing efforts to expand its entire product portfolio.

Besides the launch of the IC family, TXN recently introduced the BQ79718-Q1 battery cell monitor and the BQ79731-Q1 battery pack monitor designed for electric vehicles.

BQ79718-Q1 and BQ79731-Q1 are designed to maximize an EV’s travel time and ensure safer operation with such a strong sensing capability.

In addition, the company introduced device screening specifications called Space High-Grade Plastic (SHP) and SHP-compatible analog-to-digital converters (ADCs), namely ADC12DJ5200-SP and ADC12QJ1600-SP.

TXN also strengthened its radiation-tolerant Space Enhanced Plastic portfolio with a new family of PWM (Pulse Width Modulation) controllers, namely TPS7H5005-SEPz.

The company also launched ultrasonic lens cleaning semiconductors called the ULC1001 Digital Signal Processor and its associated DRV2901 piezo transducer driver.

With the new chipsets for ultrasonic lens cleaning, TXN focuses on improving the system accuracy and thereby reducing the maintenance effort.

The company also introduced a radar sensor called the AWR2944 to strengthen its presence in the booming ADAS market. AWR2944 is a 77 GHz sensor that integrates a fourth transmitter to provide 33% higher resolution than existing radar sensors.

We believe the growing portfolio of solutions will continue to help Texas Instruments maintain momentum in the diverse end markets it serves.

Zacks rank and stocks to consider

Texas Instruments currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader technology sector are Arista Networks (A NET free report) Foreclosure (CRM Free report) and Analog Devices (ADI free report). While Arista Networks and Salesforce both have a Zacks Rank #1 (Strong Buy), Analog Devices currently has a Zacks Rank #2 (Buy). You can see the full list of today’s Zacks #1 Rank stocks can be found here.

Arista Networks shares are up 27.4% over the past year. The long-term earnings growth rate for ANET is forecast at 14.17%.

Salesforce shares are down 9.1% over the past year. CRM’s long-term earnings growth rate is projected at 16.75%.

Analog Devices shares are up 25.4% over the past year. The long-term earnings growth rate for FDI is forecast at 12.25%.

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