Texas Instruments Inc (NASDAQ:TXN) reported first-quarter revenue of $3.66 billion, surpassing the consensus estimate of $3.611 billion, but saw a year-over-year decline of 16% and a sequential decline of 10%. Earnings per share were $1.20, beating estimates of $1.08, including a 10-cent benefit from items not in the original guidance. The company forecasts Q2 revenue between $3.65 billion and $3.95 billion, with earnings per share expected to be between $1.05 and $1.25. Following the earnings announcement, Mizuho and Truist Securities raised their price targets on TXN to $170 and $167, respectively.