Welcome to our dedicated page for Texas Instrument news (Ticker: TXN), a resource for investors and traders seeking the latest updates and insights on Texas Instrument stock.
Texas Instruments Incorporated reports recurring developments around its global semiconductor business, including analog and embedded processing chips for industrial, automotive, data center, personal electronics and communications equipment markets. Company updates commonly cover quarterly results, cash dividends, shareholder returns, annual meeting matters and product announcements tied to power management, microcontrollers and embedded software.
News also reflects TI's broader product portfolio, including isolated power modules using IsoShield technology, 800 VDC power architecture reference designs for AI data centers, edge AI microcontrollers with TinyEngine NPU capabilities, and graphing calculators from its Education Technology division.
Texas Instruments Incorporated (TXN) announced an 8% increase in its quarterly cash dividend, raising it from $1.15 to $1.24 per share, effective November 15, 2022. This marks the 19th consecutive year of dividend increases, reflecting the company's financial health. Additionally, the board authorized a $15 billion share buyback, supplementing the remaining $8.2 billion from prior approvals, underscoring TI's commitment to returning cash to shareholders.
Texas Instruments (Nasdaq: TXN) CEO Rich Templeton will speak at the Citi 2022 Global Technology Conference in New York City on September 7 at 9 a.m. ET. He will address analysts and investors, discussing TI's business outlook and strategies for its analog and embedded processing technologies. The audio webcast can be accessed live on TI's Investor Relations page, with an archived replay available afterward. TI is a leading semiconductor firm focused on creating innovative, reliable, and cost-effective electronic solutions across various markets.
Texas Instruments announced the pricing of two series of senior unsecured notes totaling $700 million. The breakdown includes $400 million of 3.650% notes due August 16, 2032 and $300 million of 4.100% notes due August 16, 2052. Proceeds will be used for general corporate purposes, with the offering expected to close on August 16, 2022. BofA Securities, Citigroup Global Markets, and U.S. Bancorp are the joint book-running managers.
Texas Instruments reported Q2 2022 revenue of $5.21 billion, a 14% increase year-over-year, with net income of $2.29 billion and EPS of $2.45. Strong operational cash flow amounted to $8.7 billion over 12 months, with free cash flow at 30% of revenue. The company returned $6.2 billion to shareholders through dividends and stock buybacks. For Q3 2022, TI anticipates revenue between $4.90 billion and $5.30 billion and EPS of $2.23 to $2.51, with an effective tax rate around 14%.
The board of Texas Instruments Incorporated (Nasdaq: TXN) declared a quarterly cash dividend of $1.15 per share, payable on August 16, 2022, to stockholders of record as of August 1, 2022. This decision reflects the company's continued commitment to returning value to its shareholders. Texas Instruments is a global semiconductor company involved in designing and manufacturing chips for various markets including industrial, automotive, and personal electronics. The company focuses on making technology more affordable and efficient.
Texas Instruments (TXN) will host a second quarter 2022 earnings conference call on July 26 at 3:30 p.m. Central time. CFO Rafael Lizardi and VP Dave Pahl will present the financial results and engage with investors. The call will be accessible via an audio webcast on the company's Investor Relations website, with an archived version available post-call.
TI specializes in analog and embedded processing chips, serving various sectors, enhancing affordability and efficiency through semiconductor innovation.
Texas Instruments (TXN) has launched a new family of wireless microcontrollers for Bluetooth Low Energy at competitive prices starting at $0.79. The CC2340 family features exceptional standby current of under 830 nA, significantly enhancing battery life for various applications. Designed with flash memory options of 256KB and 512KB, these MCUs support remote software updates and can operate in extreme temperatures from -40ºC to 125ºC. The CC2340 series aims to broaden the adoption of Bluetooth LE technology, making it suitable for medical devices and smart-home applications.
Texas Instruments (Nasdaq: TXN) has unveiled new Sitara™ AM62 processors designed for edge AI applications, emphasizing low power consumption and cost-effectiveness. Priced under US$5, these processors support dual-screen displays and enable advanced human-machine interfaces (HMI) with features like gesture recognition. The AM62 can reduce power consumption by up to 50% in industrial applications, extending battery life significantly. Available now in a compact package, the AM62 processors aim to simplify development with a range of tools and support for various operating systems.
Texas Instruments (TXN) announced the groundbreaking of its new 300-mm semiconductor wafer fabrication plants in Sherman, Texas, marking a historic $30 billion investment. This initiative aims to enhance manufacturing capacity, creating up to 3,000 direct jobs and producing millions of chips daily. TI emphasizes sustainability with plans for LEED Gold-certified fabs, aiming to minimize waste and energy consumption. Production in Sherman is expected to commence in 2025, complementing existing fabs in Texas and Utah, and reinforcing TI's competitive edge in the semiconductor market.
Texas Instruments (Nasdaq: TXN) Chairman and CEO Rich Templeton will present at the Bernstein 38th Annual Strategic Decisions Conference on June 2, 2022, at 9 a.m. Eastern time in New York City. He will discuss the company's business outlook, strategies for key markets in analog and embedded processing technologies, and answer questions from analysts and investors. The conference will be accessible via live audio webcast through the Investor Relations section of TI's website, with an archived replay available afterward.