More buybacks for Texas Instruments

Article Excerpt

TEXAS INSTRUMENTS INC. $25 (New York symbol TXN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.2 billion; Market cap: $30.0 billion; Price-to-sales ratio: 2.6; Dividend yield: 2.1%; WSSF Rating: Average) plans to buy back $7.5 billion of its shares. That’s in addition to the $1.3 billion still outstanding under its current buyback plan. There’s no time limit to these repurchases. The company also raised its quarterly dividend by 8.3%, to $0.13 a share from $0.12. The new annual rate of $0.52 yields 2.1%. Texas Instruments is a buy. buy…