7 Best Boring Stocks to Buy

2. Texas Instruments Inc. (NASDAQ:TXN)

Beta: 0.98

5 Year Returns: 46.2%

Number of Hedge Fund Holders: 66

Texas Instruments Inc. (NASDAQ:TXN) is a semiconductor company focused on analog and embedded processing chips, which are critical components in industrial automation, automotive electronics, and personal electronics.

Unlike other semiconductor companies that are involved in cutting-edge technologies like AI and high-performance computing, Texas Instruments Inc. (NASDAQ:TXN) is one of the few in the space considered “boring” due to its focus on analog and embedded chips. The company’s stock has not experienced a major rally in recent years, with its highest annual return in the past four years being 15%. However, it has managed to deliver positive returns in four of the last five years. Investors appreciate its disciplined capital allocation strategy, which includes steady dividend growth and consistent share repurchases, making it a popular choice for long-term investment.

The market consensus on Texas Instruments Inc. (NASDAQ:TXN) remains cautious, with a 1-year median price target of $200, indicating an 11% upside potential. However, in early February, Benchmark analyst Cody Acree reiterated a Buy rating on the stock with a price target of $230. Around the same time, Evercore ISI analyst Mark Lipacis also maintained a Buy rating and set a price target of $284, which is the highest among analysts.