Texas Instruments Inc.NYSE
Thu, Nov. 17, 12:18 PM
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- Micron (MU +5.3%)
- Nvidia (NVDA +2.7%)
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- Texas Instruments (TXN +1.1%)
- New lows:
- Novo Nordisk (NVO +0.3%)
Sat, Nov. 5, 5:10 PM
- Brian Belski, chief investment strategist at BMO Capital Markets, says investors too often focus on "yield alone." Instead, he says they should look for companies with proven track records of steady payout growth.
- In a recent screen he developed, he looked for companies that had no dividend cuts in each of the past five completed fiscal years, and filetered for stocks with yields higher than that of the S&P 500 (~2.2%); payout ratios below the market's 50.4% level; FCF yields that exceed their dividend yields; and one-year dividend-per-share growth better than the S&P 500's median of 7.7%.
- Names it turned up include Amgen (NASDAQ:AMGN), Cisco (NASDAQ:CSCO), Harley-Davidson (NYSE:HOG), Home Depot (NYSE:HD), Illinois Tool Works (NYSE:ITW), KeyCorp (NYSE:KEY), Motorola Solutions (NYSE:MSI), and Texas Instruments (NYSE:TXN).
- Source: Barron's
Wed, Oct. 26, 4:55 PM
- Results – revenue $3.68B (+7.3% Y/Y, $200M above estimates), EPS $0.94 ($0.08 above estimates), net income $968M (+21% Y/Y), operating profit $1.395B (+20% Y/Y)
- Dividend – Quarterly dividend increased 32% to $0.50 per share, payable November 21 to shareholders on record November 7.
- Segment results – Analog (revenue $2.323B, +6% Y/Y; operating profit $949M, +17% Y/Y), Embedded Processing (revenue $795M, +10% Y/Y; operating profit $220M, +26% Y/Y), Other (revenue $557M, +7% Y/Y; operating profit $226M, +27% Y/Y)
- Projections – Revenue for Q4 of $3.17B-$3.43B, EPS of $0.76-$0.86. For FY 2016, guide of 30% annual effective tax rate maintained.
- Texas Instruments' (NYSE:TXN) chairman, president and CEO Rich Templeton highlights strong automotive and industrial market demand, while further noting personal electronics market demand came in unmoved on the year-ago period.
- Shares presently unchanged, though remain active after hours.
- Conference call
- Press release
Wed, Oct. 26, 4:42 PM
Wed, Oct. 26, 4:31 PM
Tue, Oct. 25, 5:35 PM
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Mon, Oct. 24, 4:17 PM
- Analysts Mitch Steves and Amit Daryanani rate Microsemi (NASDAQ:MSCC) a "Top Pick" with a $48 target (current price $40.36).
- In considering the semiconductor sector on broad terms, the analysts believe mid-cap companies such as Microsemi present attractive opportunities to larger names on margin profiles and valuations. For Microsemi specifically, Texas Instruments (NYSE:TXN), Broadcom (NASDAQ:AVGO) and Maxim Integrated Products (NASDAQ:MXIM) are offered as potential acquirers, with Texas Instruments making the "most sense."
- Should Microsemi's leverage reduce from a current 3.7x level toward a 3x level, the analysts project the company at that point to firmly represent an attractive target.
Fri, Sep. 16, 1:44 PM
- While already anticipated, Intel (INTC +2%) components are now confirmed to be installed within certain iPhone 7 configurations. Two Intel RF transceivers, a baseband modem and RF power management ICs are noted.
- Modems, transceivers and power management ICs provided by Qualcomm (QCOM +0.2% ) are also confirmed to be utilized in other device variations. Qualcomm had historically maintained an exclusive provider position of modem components for previous iPhone iterations.
- Supplies from Skyworks Solutions (SWKS -1.9%), Cirrus Logic (CRUS -1.8%), Samsung Electronics (OTC:SSNLF), Taiwan Semiconductor Manufacturing Company (TSM -0.7%), NXP Semiconductors (NXPI -2.2%), Broadcom (AVGO -1.3%), Qorvo (QRVO -2.4%), Texas Instruments (TXN -0.5%), Toshiba (OTCPK:TOSBF +4.4%), Lattice Semiconductor, (LSCC -0.6%), Dialog Semiconductor (OTC:DLGNF), SK Hynix (OTC:HXSCF) and other makers also so far validated.
Tue, Sep. 13, 12:41 PM
- Up from Market perform. Analyst Stacy Rasgon raises price target to $80 from $70 (current price $67.53).
- Projects higher gross margin potential than consensus and claims a long-term 64%+ level is not unreasonable to expect. Further notes Texas Instruments' (TXN -0.6%) shares are not inexpensive, though valuation (around 18x next twelve months free cash flow) sits positively relative to peers.
Fri, Aug. 19, 11:43 AM
- The chip sector is hot but no name is hotter than Advanced Micro Devices (AMD +10.9%). The company has been gradually rising since last August and has really hit its stride since returning to Y/Y revenue growth for the first time since 2014 in Q2.
- The only company remotely in the ballpark of this type of growth is Nvidia (NVDA +0.4%) with a now 170% increase over the last year.
- Comparably, Intel Corporation (INTC +0.5%) is up slightly over 23%, Micron Technology (MU +3.7%) around 2%, Applied Materials (AMAT +6.7%) nearly 80%, Analog Devices (ADI +0.4%) around 10%, ARM Holdings (ARMH -0.8%) around 56%, Linear Technology (LLTC +0.1%) around 46%, NXP Semiconductors (NXPI +1.2%) around 2%, Marvell Technology (MRVL +3.9%) slightly over 1%, Qualcomm (QCOM -0.4%) around 2.5%, Broadcom (AVGO +0.5%) around 26% and Texas Instruments (TXN +0.3%) around 43% for the same period.
- Advanced Micro Devices shares continues to increase following this week's operational-reveal of the company's highly anticipated Zen-core processors.
Wed, Jul. 27, 12:59 PM
- In the wake of yesterday's Linear Technology and Analog Devices deal, Cowen and Company discusses a case for Texas Instruments (TXN -1.1%) to pursue Maxim Integrated Devices (MXIM +0.9%).
- Cowen and Company analyst Timothy Arcuri floats a $55-$60 per Maxim Integrated Devices share range deal ($41.26 current price).
- He cites low rates and potentially higher returns resulting from a deal compared to Texas Instruments' preference to buy back stock at an approximately 5% free cash flow yield.
- Texas Instruments was previously interested in pursuing a takeover of Maxim Integrated Devices last October, but by January had decided against it.
- Cowen and Company maintains a Market perform rating on Texas Instruments, which is up more than 6% since reporting Q2 results on Monday. Maxim Integrated devices is up more than 9% since reporting its quarter last Thursday.
Tue, Jul. 26, 3:07 PM
Mon, Jul. 25, 5:37 PM
Mon, Jul. 25, 5:15 PM
- The release notes revenue and earnings within the top of the company's expected range, strong demand for automotive market products, growing demand for industrial and communications equipment products and slowing demand in the personal electronics sector.
- Embedded Processing and Analog, Texas Instrument's (NASDAQ:TXN) core businesses, registered +9% and about constant revenue growth, respectively. Operating margins improved in both.
- Gross margin of 61.2% attributed to quality product lineup and manufacturing efficiencies.
- Free cash flow +7% Y/Y.
- Stock repurchases and dividends of $4.1B paid out over last year.
- Reiterates focus on long-term sustainability.
- Q3 revenue projected between $3.34B-$3.62B and EPS between $0.81-$0.91.
Mon, Jul. 25, 4:31 PM
Sun, Jul. 24, 5:35 PM