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Texas Instruments Inc. (TXN)

- NASDAQ
  • Feb. 22, 2013, 5:04 PM
    Texas Instruments (TXN +5.2%) shareholders like getting their money back: shares closed near their 52-week high following news of a major dividend/buyback hike. Explaining the move, TI says it believes it can consistently turn 20%-25% of revenue into free cash flow, and return all of it (minus debt payments) to shareholders. On a CC (transcript), management stated its M&A strategy will be "biased towards analog and smaller acquisitions," and that it only plans to spent 4% of revenue on capex until annual sales hit $18B (they were at $12.8B in 2012).
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  • Feb. 21, 2013, 4:50 PM
    Texas Instruments Incorporated (TXN) declares $0.28/share quarterly dividend, 33% increase from prior dividend of $0.21. Forward yield 3.45%. For shareholders of record Apr. 30. Payable May 20. Ex-div date Apr. 26. The board authorized additional shares repurchase of $5B bringing the total to $8.4B.(PR)
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  • Jan. 30, 2013, 1:33 PM
    Texas Instruments (TXN) and Globalfoundries have won the bidding to acquire 300mm chip manufacturing equipment from Taiwan's Powerchip, sources tell Digitimes. Look for TI to use the gear to grow its analog chip capacity - the company has been counting on superior economies of scale to gain share in this space. The sources note the sale could benefit the DRAM industry (and thus manufacturers such as Samsung and Micron) by further lowering capacity. (yesterday)
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  • Jan. 29, 2013, 1:21 PM
    Texas Instruments (TXN -0.8%) and Globalfoundries have reportedly made offers to buy 300mm chip manufacturing equipment put on the block by struggling Taiwanese DRAM maker Powerchip. A slew of Taiwanese firms are also said to have placed bids. TI is no stranger to buying Asian chip manufacturing capacity on the cheap (I, II).
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  • Jan. 22, 2013, 5:28 PM
    Tech guidance roundup: 1) AMD expects Q1 revenue to fall 6%-12% Q/Q; this implies revenue of $1.02B-$1.09B, below a $1.11B consensus. 2) Texas Instruments (TXN) expects Q1 revenue of $2.69B-$2.91B and EPS of $0.24-$0.32, largely below a consensus of $2.89B and $0.34. 3) RF Micro (RFMD) expects FQ4 revenue of $250M-$255M and EPS of $0.04-$0.05, largely above a consensus of $227.5M and $0.04. AMD +1.6% AH. TXN -0.6%. RFMD +2.3%.
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  • Jan. 22, 2013, 4:31 PM
    Texas Instruments (TXN): Q4 EPS of $0.36 beats by $0.02. Revenue of $2.98B beats by $0.03B. Shares -0.8% AH. (PR)
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  • Jan. 22, 2013, 12:05 AM
    Notable earnings after Tuesday’s close: AMD, CA, CPWR, CREE, CSX, EZPW, GOOG, IBM, IGT, ISRG, NSC, RFMD, TSS, TXN
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  • Jan. 21, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: AMD, CA, CPWR, CREE, CSX, EZPW, GOOG, IBM, IGT, ISRG, NSC, RFMD, TSS, TXN
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  • Jan. 17, 2013, 4:35 PM
    Texas Instruments Incorporated (TXN) declares $0.21/share quarterly dividend, in line with previous. Forward yield 2.53%. For shareholders of record Jan. 31. Payable Feb. 11. Ex-div date Jan. 29. (PR)
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  • Jan. 11, 2013, 2:17 PM
    A day after TSMC (TSM -0.1%) reported healthy December sales, occasionally-accurate Digitimes writes "industry watchers" expect TSMC to report a 7%-11% Q/Q sales drop for seasonally weak Q1, a range largely below estimates. Top clients such as QCOM, BRCM, TXN, and NXPI have reportedly "started to slow down orders" due to inventory adjustments," and wafer starts for MediaTek and Spreadtrum (SPRD) are seen falling 10%-20%. It's worth noting the article follows multiple reports of iPhone chip order cuts - several TSMC clients are iPhone suppliers.
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  • Dec. 24, 2012, 9:43 AM
    A Chinese site has provided a leaked shot of what's supposedly the first QWERTY keyboard phone (rumored name: X10) to run on BlackBerry 10 (RIMM). And Phone Arena has provided a spec list for the first touchscreen-only BB10 phone (rumored name: Z10). The phone is said to feature a dual-core CPU (TI is the international supplier, Qualcomm the NA supplier), dual cameras, and a 4.2" display (much smaller than many top Android phones, but slightly larger than the iPhone 5). (previous)
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  • Dec. 12, 2012, 6:34 PM
    Though Texas Instruments (TXN) just said it's seeing healthy demand from the e-reader market, IHS iSuppli's estimates depict an industry in freefall thanks to soaring tablet demand. The research firm predicts e-reader shipments will fall 36% this year to 14.9M, and drop another 27% next year to 10.9M. Meanwhile, IDC expects 122M tablet shipments in 2012. One positive datapoint: Amazon's (AMZN) favorably-reviewed Kindle Paperwhite is still out of stock until Dec. 20. (Pew Survey)
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  • Dec. 11, 2012, 12:48 PM
    Texas Instruments (TXN +3.8%) is up after providing a guidance update that's being received favorably in light of industry and company-specific issues. During its update call, TI noted the wireless processor/connectivity business it's exiting will post a Q4 loss on revenue of ~$200M, and that those sales should be gone by 2014. Computing, industrial, and telecom infrastructure chip demand is also weak, though console and e-reader demand is healthy - that last bit could be a positive for AMZN and BKS. Chip stocks are outperforming (SOXX +2%). (Audi deal)
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  • Dec. 10, 2012, 4:47 PM
    Texas Instruments (TXN) +1.3% AH after using its mid-quarter update to guide for Q4 revenue of $2.89B-$3.01B and (exc. $0.27/share in charges) EPS of $0.32-$0.36. This compares with prior guidance of $2.83B-$3.07B and $0.29-$0.37, and a consensus of $2.96B and $0.33. Expectations were low going in, particularly in light of TI's wireless issues. CC at 5PM ET (webcast). (PR)
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  • Nov. 27, 2012, 4:37 PM
    More on Analog Devices: FQ1 guidance is for a 6%-12% Q/Q revenue drop, below a consensus for a 2% decline. Orders fell during FQ4 due to inventory adjustments (an ongoing problem for many chipmakers), and this has driven ADI to slash production. That, in turn, is a reason gross margin fell 180 bps Q/Q to 63.8%, and is expected to fall to 62% in FQ1. Industrial and automotive sales fell both Q/Q and Y/Y, consumer +28% Q/Q (boosted by seasonality) but -6% Y/Y. ADI -3.2% AH. TXN -0.5%. CC at 5PM ET (webcast). (PR)
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  • Nov. 14, 2012, 5:25 PM
    Texas Instruments (TXN) +0.9% AH after stating it will cut 1,700 jobs (5% of its workforce) as it focuses OMAP processor and wireless connectivity chip development on "embedded applications with long life cycles." It expects to reap cost savings of $450M/year and record $325M in charges. TI has already telegraphed its plans to retreat from mobile app processors, leaving Qualcomm, Nvidia, and Intel as the main independent suppliers. TI's connectivity about-face is a positive for mobile combo chip leader Broadcom (BRCM).
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Company Description
Texas Instruments Inc designs and makes semiconductors that it sells to electronics designers and manufacturers. It has two segments: Analog and Embedded Processing.