Texas Instruments Inc. (TXN) - NASDAQ
  • Oct. 21, 2013, 5:01 PM
    • Texas Instruments (TXN) expects Q4 revenue of $2.86B-$3.1B and EPS of $0.42-$0.50, below a consensus of $3.12B and $0.51. "Legacy wireless" sales, which include Nokia baseband chip sales and TI's discontinued mobile app processor/combo chip ops, are expected to fall to just $50M in Q4.
    • The midpoint of TI's revenue guidance range implies flat Y/Y rev. growth. Excluding legacy wireless, guidance is for 8% growth. Q3 book-to-bill was 0.97.
    • Q3 EPS was boosted by $734M in buybacks, nearly even with Q2's $721M. Gross margin was 54.8%, +330 bps Q/Q and +350 bps Y/Y. Thanks in part to TI's minimal capex (less than 4% of revenue, far below industry norms), free cash flow was $1.03B, well above net income of $629M.
    • The analog division (60% of revenue) posted sales of $1.93B (+5% Y/Y vs. +6% in Q2) and a $583M op. profit. Embedded processing (DSPs, microcontrollers) had sales of $668M (+13% vs. +10%), but only an $83M op. profit. "Other" (wireless, DLPs, calculators, royalties) had revenue of $645M (-33% Y/Y thanks to legacy wireless), and an op. profit of $178M.
    • TXN -3.2% AH. CC at 5:30PM ET. Q3 results, PR.
    | Oct. 21, 2013, 5:01 PM | 1 Comment
  • Oct. 21, 2013, 4:31 PM
    • Texas Instruments (TXN): Q3 EPS of $0.56 beats by $0.03.
    • Revenue of $3.24B beats by $0.01B. Shares -2.4% AH. (PR)
    | Oct. 21, 2013, 4:31 PM
  • Oct. 21, 2013, 12:10 AM
  • Oct. 20, 2013, 5:35 PM
  • Oct. 17, 2013, 4:33 PM
    • Texas Instruments Inc. (TXN) declares $0.30/share quarterly dividend, 7.1% increase from prior dividend of $0.28.
    • Forward yield 2.95%
    • Payable Nov. 18; for shareholders of record Oct. 31; ex-div Oct. 29.
    | Oct. 17, 2013, 4:33 PM
  • Oct. 15, 2013, 9:29 AM
    • Teradata (TDC) has been cut to Neutral by Credit Suisse and Sterne Agee, and to Equal Weight by Morgan Stanley, following its Q3/2013 warning. Shares -14.9% premarket.
    • Dassault (DASTY.PK) has been cut to Underweight by HSBC a day after the company reported weaker-than-expected preliminary Q3 results and cut its full-year guidance. Shares -3.2% in Paris.
    • FireEye (FEYE) has received three bullish coverage launches and four neutral ones on underwriter coverage day. Shares +0.6%.
    • Texas Instruments (TXN) has been upgraded to Neutral by Susquehanna. Shares +0.5%.
    • Cogent (CCOI) has been upgraded to Buy by Citi.
    • Veeco (VECO) has been cut to Market Perform by Oppenheimer.
    • Marvell (MRVL) has been started at Outperform by Raymond James.
    | Oct. 15, 2013, 9:29 AM
  • Sep. 19, 2013, 5:24 PM
    • Texas Instruments (TXN) has raised its quarterly dividend to $0.30/share from a prior $0.28/share. That gives the chipmaker a yield of 2.9%. (PR)
    • TI's next dividend is payable on Nov. 18 to shareholders on record as of Oct. 31.
    • TI hiked its dividend by 33% earlier this year, while simultaneously announcing a $5B buyback. At the time, the company expressed confidence in posting a long-term free cash flow margin of 20%-25%, and returning all of that money (minus debt payments) to shareholders.
    • Shares are nearly unchanged AH.
    | Sep. 19, 2013, 5:24 PM
  • Sep. 10, 2013, 4:41 PM
    • In its mid-quarter update, TI (TXN) says it now expects Q3 revenue of $3.15B-$3.29B and EPS of $0.51-$0.55. That compares with prior guidance of $3.09B-$3.35B and $0.49-$0.57, and a consensus of $3.23B and $0.53. (PR)
    • Expectations had risen a bit following a summer rally; shares made new 52-week highs today.
    • CC at 5PM ET.
    | Sep. 10, 2013, 4:41 PM
  • Sep. 6, 2013, 7:14 PM
    • TI (TXN) claims its new 0.2" TRP pico (miniature) projector DLP chipset delivers twice the brightness (on a frame-by-frame basis) and resolution of its predecessor, while consuming half as much power.
    • These gains are attributed to the TRP's use of TI's new Tilt & Roll Pixel architecture, and its IntelliBright algorithms.
    • TI, whose TV DLP chipset sales aren't what they used to be, is hoping the TRP finds its way into smartphones, tablets, digital cameras, and Google Glass-like "near-eye displays." With total 2013 smartphone/tablet sales expected to surpass 1.2B, even a 3%-5% penetration rate could drive huge volumes.
    • DLPs continue to power a large portion of the most popular pico projectors. But there's growing competition from companies pushing liquid crystal on silicon (LCoS) solutions; Himax is one notable example.
    | Sep. 6, 2013, 7:14 PM
  • Jul. 23, 2013, 12:39 PM
    There's a growing risk Apple (a long-time Broadcom combo chip client) will use home-grown combo chips in the future, says Pac Crest's Michael McConnell while downgrading Broadcom (BRCM -3.5%) to Sector Perform ahead of this afternoon's Q2 report. McConnell points recent Apple hiring activity, and Texas Instruments' (TXN +4%) disclosure it has sold wireless connectivity tech to a customer. TI, which is exiting the combo chip market, stated on its Q2 call it recorded a $315M gain from the sale, which suggests the customer was a big one. Broadcom is down 8% over the last week thanks to Pac Crest and Barclays; can networking and low-end smartphone chip sales help the company beat lowered expectations?
    | Jul. 23, 2013, 12:39 PM | 2 Comments
  • Jul. 23, 2013, 10:06 AM
    A roundup of tech analyst ratings changes: 1) Broadcom (BRCM -5.3%) has been cut to Sector Perform by Pac Crest ahead of today's Q2 report. 2) JDS Uniphase (JDSU -3.4%) has been cut to Neutral by MKM. 3) Lam Research (LRCX +1.1%) has been started at Outperform by RBC ahead of its July 31 FQ4 report. 4) Texas Instruments (TXN +4.8%) has been upgraded to Neutral by SunTrust following its Q2 results and strong Q3 guidance. 5) Quad/Graphics (QUAD -2.2%) has been cut to Neutral by Sidoti.
    | Jul. 23, 2013, 10:06 AM
  • Jul. 22, 2013, 4:58 PM

    More on Texas Instruments: Q3 guidance is for revenue of $3.09B-$3.35B and EPS of $0.49-$0.57 vs. consensus $3.2B and $0.51. $721M spent on buybacks in Q2 vs. $679M in Q1. Company still frugal with capex: $97M spent (just 3.2% of revenue) vs. $84M in Q1. Analog chip sales (57% of revenue) +6% Y/Y, better than Q1's -2%. Embedded processing (DSPs, microcontrollers)  +10% (+4% in Q1). Other (DLPs, calculators, legacy wireless, royalties) +1% (-24% in Q1, hurt by wireless plunge). Gross margin was 51.5%, +390 bps Q/Q and +200 bps Y/Y. R&D spend -19% Y/Y thanks to wind-down of wireless chip lines. TXN +2% AH, CC at 5:30PM ET (webcast). (PR)

    | Jul. 22, 2013, 4:58 PM
  • Jul. 22, 2013, 4:31 PM
    Texas Instruments (TXN): FQ1 EPS of $0.44 in-line. Revenue of $3.05B misses by $0.01B. (PR)
    | Jul. 22, 2013, 4:31 PM
  • Jul. 22, 2013, 12:10 AM
    Notable earnings after Monday’s close: CNI, CR, HLX, HXL, NFLX, SANM, STM, TXN, WRB
    | Jul. 22, 2013, 12:10 AM | 1 Comment
  • Jul. 21, 2013, 5:35 PM
    Notable earnings after Monday’s close: CNI, CR, HLX, HXL, NFLX, SANM, STM, TXN, WRB
    | Jul. 21, 2013, 5:35 PM
  • Jul. 18, 2013, 4:56 PM
    Texas Instruments Inc. (TXN) declares $0.28/share quarterly dividend, in line with previous. Forward yield 2.98%. For shareholders of record July 31. Payable Aug. 19. Ex-div July 29. (PR)
    | Jul. 18, 2013, 4:56 PM
Company Description
Texas Instruments Incorporated is a global analog and digital semiconductor IC design and manufacturing company. In addition, to analog technologies, digital signal processing and microcontroller semiconductors, it designs and manufactures semiconductor solutions for analog and digital embedded... More
Sector: Technology
Industry: Semiconductor - Broad Line
Country: United States