FilippoBacci
Mizuho raised price targets on several semiconductor stocks while highlighting some analog/electric vehicle names.
Analysts led by Vijay Rakesh raised the price target on Allegro MicroSystems (NASDAQ:ALGM), which is rated Outperform, to $37 from $31 noting that they see strong emobility trends continuing into the second half of 2025/2026, as Tunnel Magnetoresistance, or TMR, technology ramp up provides additional tailwinds, as well as potential for strength in AI servers as power consumption remains a key issue.
Texas Instruments’ (NASDAQ:TXN) price target was increased to $205 from $170. The stock is rated Neutral by Mizuho. The analysts said the company could see a strong second half of 2025 as demand returns, and it is able to work through its elevated inventory, and gross margins start to improve through 2026. The analysts also noted that Texas Instruments has the majority of production in the U.S., helping protect it from potential Section 232 tariffs in the U.S., but headwinds could remain from any retaliatory China tariffs.
Microchip Technology (NASDAQ:MCHP), which has an Outperform rating, saw its price target raised to $85 from $78.
Rakesh and his team said they see overall tailwinds with analog recovery into the second half of 2025. The analysts added that Microchip could also benefit from additional long-term tailwinds from ramps for edge AI, Peripheral Component Interconnect Express, or PCIe, 64-bit Microcontroller Unit, or MCU, and Field Programmable Gate Array, or FPGA, driving incremental topline growth in and beyond 2026.
The analysts raised Mobileye Global’s (NASDAQ:MBLY) price target to $18 from $15 with citing investor focus on robotaxis and autonomous. The stock has a Neutral rating at Mizuho.
The analysts said they see auto Level of Vehicle Penetration, or LVP, likely slightly better than previous estimates, benefiting EyeQ shipments. The analysts also see some potential for second half of 2026 (next year) tailwinds from robotaxi launches as it ramps wins with both Uber and Lyft.
The analysts raised the price target of NXP Semiconductors (NASDAQ:NXPI), which is rated Outperform, to $265 from $240, noting the company’s continued leadership in autos and China exposure driving a strong second half of 2025 and 2026.