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Texas Instruments Inc. (TXN)

  • Nov. 13, 2012, 2:25 PM
    Though Texas Instruments (TXN) is paring back its efforts to develop OMAP app processors for mobile devices, it's stepping up its efforts to have the chips used in networking gear and "purpose-built servers" handling tasks such as media processing and industrial imaging. TI's new KeyStone OMAP parts feature up to 4 of ARM's high-end Cortex-A15 cores, and stand out through their support of high-speed Ethernet and serial interfaces.
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  • Oct. 23, 2012, 2:31 PM
    Barnes & Noble (BKS +6%) is surging as investors show their appreciation of Apple's decision to start iPad Mini pricing at $329. B&N new 7" Nook HD sells for $199-$229, while the 9" Nook HD+ goes for $269-$299. Shares sold off yesterday on Apple-related worries. Texas Instruments (TXN -0.4%), which (for now) supplies processors for both the Nook and Kindle lines, could be an indirect beneficiary of the Mini's pricing. Ditto Nvidia (NVDA), whose processors go into the Nexus 7 and other Android tablets.
  • Oct. 22, 2012, 6:44 PM
    Texas Instruments' Q3 call didn't contain much for chip stock investors to be excited about. The analog chip giant claims customer inventories remain lean and demand visibility short; that the industrial and telecom markets are soft; and that September was the weakest month in the quarter. Also, wireless sales are expected to underperform again on a Q/Q basis, a likely sign Amazon is paring back Kindle Fire-related orders after building inventories in Q3. TXN -0.3% AH. (Q3 results: I, II)
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  • Oct. 22, 2012, 5:08 PM
    More on Texas Instruments' Q3: Wireless sales, hurt by declining Amazon and Nokia orders, -44% Y/Y - TI is planning to exit this space. Embedded Processing -4% (hurt by telecom), analog (boosted by National Semi deal) +18%. Other businesses (calculators, etc.) -11%. Analog and Other made up most of operating profit. Orders +6% Y/Y but -5% Q/Q. EPS boosted by $600M in stock buybacks and $60M earthquake insurance payment. CC at 5:30PM ET (webcast). TXN nearly unchanged in spite of guidance, could bode well for peers who still have to report. (PR)
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  • Oct. 22, 2012, 4:39 PM
    Texas Instruments (TXN): Q3 EPS of $0.52 (excludes one-time charges) beats by $0.06. Revenue of $3.39B (-2% Y/Y) beats by $50M. Expects Q4 revenue of $2.83B-$3.07B and EPS of $0.29-$0.37, below a consensus of $3.24B and $0.42. Shares -1% AH. (PR)
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  • Oct. 22, 2012, 7:57 AM
    Texas Instruments (TXN) is scheduled to release its Q3 earnings later, when it is expected to report that EPS fell to $0.46 from $0.61 while revenue slipped 3.7% to $3.34B. Some analysts are concerned about macro weakness and that competition from tablets and smartphones will hurt TI's computing market, although the majority believe that the company's analog and embedded operations will continue to drive growth.
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  • Oct. 22, 2012, 12:10 AM
    Notable earnings after Monday’s close: CE, CNI, DHT, HMA, SCCO, SWFT, TXN, VECO, WDC, YHOO, ZION
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  • Oct. 21, 2012, 5:35 PM
    Notable earnings after Monday’s close: CE, CNI, DHT, HMA, SCCO, SWFT, TXN, VECO, WDC, YHOO, ZION
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  • Oct. 18, 2012, 5:07 PM
    Texas Instruments (TXN) declares $0.21/share quarterly dividend, in line with previous. Forward yield 2.92%. For shareholders of record Oct 31. Payable Nov 19. Ex-div date Oct 29. (PR)
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  • Oct. 15, 2012, 9:10 AM
    Texas Instruments (TXN) +2.3% following a report it's in talks to sell its OMAP app processor business to Amazon. Such a deal would be a blow to Nvidia (NVDA), which has been seen as a beneficiary of TI's decision to retreat from the app processor market, and was once (inaccurately) rumored to have scored a design win for the second-gen Kindle Fire. But a TI/Amazon deal could clear the way for Nvidia's Tegra processor to be designed into future Barnes & Noble Nooks.
  • Oct. 15, 2012, 4:05 AM
    Amazon (AMZN) is in negotiations to acquire TI's (TXN) cellular-chip operations in a deal that would be worth billions of dollars, the Calcalist Israeli newspaper reports. TI, whose chips are used in Kindle devices and Barnes & Nobles' (BKS) Nooks, has already said it won't invest in supporting its customers' plans for smartphones and tablets to the same extent as previously.
  • Oct. 8, 2012, 12:59 PM
    ISI's Sumit Dhanda downgrades his rating for the chip industry to Neutral, while also downgrading analog chipmakers Texas Instruments (TXN -0.5%), Linear Tech (LLTC -0.7%), Analog Devices (ADI -0.7%), Power Integrations (POWI -3.5%), and Intersil (ISIL -7.3%) in particular.  Dhanda, whose move follows a selloff in chip stocks thanks to negative data (I, II), thinks macro issues could lead industry sales to fall 2% in 2013. JPMorgan has also downgraded Intersil, citing PC weakness, share loss, and a possible dividend cut. (previous)
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  • Sep. 26, 2012, 1:41 PM
    Oppenheimer isn't happy with Texas Instruments' (TXN -1.5%) plans to de-emphasize its mobile app processor business, and predicts it will create revenue headwinds for TI's wireless business (~10% of sales) similar to what the chipmaker has seen from its gradual exit from the baseband chip market (ed: that business' decline was accelerated by Nokia's freefall). Both Oppenheimer and Avian are downgrading TI to neutral following the move.
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  • Sep. 26, 2012, 10:45 AM
    Texas Instruments (TXN) is lowering its investments in its OMAP mobile app processor line, and will instead focus on growing OMAP sales for embedded applications such as cars and industrial gear. Though OMAP chips power Amazon and Barnes & Noble's tablets, smartphone competition from Qualcomm (QCOM) and Nvidia (NVDA) has been fierce, and TI recently claimed Apple and Samsung's heavy reliance on their own app processors made the market "less attractive."
  • Sep. 20, 2012, 5:04 PM
    Texas Instruments (TXN) is hiking its quarterly dividend to $0.21/share from a prior $0.17/share. The company now sports an annual yield of 2.9%. TI claims its hike is the result of improved operating cash flow (attributed to a stronger reliance on analog/embedded processing sales) and lower capex needs (the result of purchasing capacity on the cheap). (PR)
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  • Sep. 18, 2012, 10:00 AM
    RBC's Doug Freedman has downgraded the chip sector to Market Weight from Overweight, citing inventory issues, poor PC and telecom equipment demand, and a softening Chinese market. "The current cycle is unique in that semis have contracted three quarters only to exhibit one-quarter of recovery," says Freedman. INTC, ADI, TXN, and NVDA are receiving downgrades, though BRCM is getting an upgrade on expectations of rising chip content within the platforms it's a supplier for.
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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.