Texas Instruments beat Wall Street expectations for its first-quarter earnings and revenue, but not by a country mile. Market conditions for some of TI's key sectors seem to be returning to normal.
Texas Instruments NASDAQ: TXN dividend is unique among chipmakers for its yield, if nothing else. The stock yields over 3.15%, which is double or better than the rest of the field, and it is a safe and growing distribution.
Shares of semiconductor name Texas Instruments Incorporated (NASDAQ:TXN) are 6.8% higher at $176.65, following the firm's first-quarter financial report.
Texas Instruments jumped 7% in premarket trade on Wednesday, sparking a rally in chip stocks as its strong second-quarter revenue forecast fanned optimism that chip demand was picking up after a years-long slump.
Shares in Texas Instruments (TXN) jumped nearly 8% in extended-hours trading Tuesday evening after the analog chipmaker surpassed quarterly estimates and issued second-quarter sales guidance that came in ahead of Wall Street expectations amid a rebound in demand.
Texas Instruments Incorporated (NASDAQ:TXN ) Q1 2024 Earnings Conference Call April 23, 2024 4:30 PM ET Company Participants Dave Pahl - Head of IR Rafael Lizardi - CFO Conference Call Participants Timothy Arcuri - UBS Stacy Rasgon - Bernstein Research Vivek Arya - Bank of America Securities Thomas O'Malley - Barclays Ross Seymore - Deutsche Bank Chris Danely - Citibank Joe Moore - Morgan Stanl...
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