Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, October 25, 2019

Article Excerpt

TEXAS INSTRUMENTS INC., $120.51, Nasdaq symbol TXN, is a leading maker of analog chips. Those products convert inputs like touch, sound and pressure into the electronic signals that computers can understand. In the third quarter of 2019, Texas Instruments’ revenue fell 8.7%, to $3.67 billion from $4.02 billion a year earlier. That’s because trade tensions between the U.S. and China have hurt manufacturer demand for its chips. The latest revenue also missed the consensus forecast of $3.82 billion. Earnings in the quarter fell 9.2%, to $1.43 billion from $1.57 billion; per-share earnings declined just 5.7%, to $1.49 from $1.58, on fewer shares outstanding. If you factor out unusual items, the company earned $1.40 a share in the latest quarter. That also fell short of the $1.44 consensus estimate. As of September 30, 2019, Texas Instruments held cash and investments of $5.07 billion. Its long-term debt of $5.3 billion is just 5% of its market cap. The company will likely earn $5.15 a share in…