After digesting Texas Instruments' (NASDAQ:TXN) latest quarterly results and guidance, Wall Street is getting closer to the belief that a bottom in the analog market is around the corner, but it's not here just yet.

In the broader industrial/auto end markets, we’re not at the bottom yet,’ Truist Securities analyst William Stein wrote.

Texas Instruments announced fourth-quarter earnings above expectations, but highlighted challenges with declining revenues year-over-year.

Stifel analysts reiterated their Hold rating on Texas Instruments stock (NASDAQ:TXN) with a steady price target of $200.00. The semiconductor giant, currently valued at $172 billion, trades at a P/E ratio of 35x,