Texas Instrument Stock Price, News & Analysis

Texas Instruments (Nasdaq: TXN) has introduced two new series of real-time microcontrollers (MCUs) aimed at enhancing system efficiency, safety, and sustainability in automotive and industrial applications. The TMS320F28P55x series, part of the C2000™ family, integrates an edge AI hardware accelerator, achieving up to 99% fault detection accuracy with low latency. The F29H85x series, featuring a 64-bit C29 core, more than doubles the real-time control performance of previous generations, meeting safety standards up to ASIL D and SIL 3. These advancements enable engineers to design systems with improved decision-making capabilities and enhanced security features. TI will showcase these MCUs at electronica 2024 in Munich, Germany, from Nov. 12-15. For more details, visit ti.com/TMS320F28P550SJ, ti.com/TMS320F28P559SJ-Q1, ti.com/F29H850TU, and ti.com/F29H859TU-Q1.

Texas Instruments (TXN) has started production of gallium nitride (GaN) power semiconductors at its Aizu, Japan factory, quadrupling its internal GaN manufacturing capacity alongside its Dallas facility. The company has qualified its 200mm GaN technology for mass production, advancing towards its goal of manufacturing more than 95% of chips internally by 2030. TI offers the industry's widest portfolio of integrated GaN-based power semiconductors, which provide superior power density and energy efficiency for applications like laptop adapters and HVAC systems. The company has also successfully piloted GaN manufacturing on 300mm wafers, positioning itself for future scaling.

Texas Instruments (Nasdaq: TXN) reported its Q3 2024 financial results, revealing a revenue of $4.15 billion, an 8% decrease year-over-year but a 9% sequential increase. The company saw a net income of $1.36 billion and earnings per share (EPS) of $1.47, including a 3-cent benefit from non-guidance items. Operating profit dropped 18% to $1.55 billion. Cash flow from operations over the trailing 12 months was $6.2 billion, with free cash flow at $1.5 billion. TI invested $3.7 billion in R&D and SG&A, $4.8 billion in capital expenditures, and returned $5.2 billion to shareholders.

For Q4 2024, TI forecasts revenue between $3.70 billion and $4.00 billion and EPS between $1.07 and $1.29. The effective tax rate is expected to be around 13%.

The board of directors of Texas Instruments Incorporated (Nasdaq: TXN) has declared a quarterly cash dividend of $1.36 per share of common stock. This dividend will be payable on November 12, 2024, to stockholders of record as of October 31, 2024. The announcement was made on October 17, 2024, demonstrating the company's commitment to returning value to its shareholders through regular dividend payments.

Texas Instruments Incorporated (TI) (Nasdaq: TXN) has announced it will webcast its third quarter 2024 earnings conference call on Tuesday, Oct. 22, at 3:30 p.m. Central time. The company's leadership team, including Haviv Ilan (president and CEO), Rafael Lizardi (SVP and CFO), and Dave Pahl (VP and head of Investor Relations), will present TI's financial results and address questions from investors.

The audio webcast will be accessible through the Investor Relations section of TI's website at www.ti.com/ir. An archived version of the webcast will be made available shortly after the call concludes, allowing those unable to attend the live event to review the information later.

Texas Instruments (TI) has announced a 5% increase in its quarterly cash dividend, raising it from $1.30 per share to $1.36 per share, or $5.44 annualized. This increase marks 21 consecutive years of dividend growth for the company. The higher dividend will be payable on November 12, 2024, to stockholders of record as of October 31, 2024, subject to formal declaration by the board of directors at their October meeting.

This dividend hike aligns with TI's long-term objective of providing a sustainable and growing dividend to its shareholders. It also reflects the company's commitment to returning all free cash flow to its owners over time. The consistent dividend growth demonstrates TI's financial stability and shareholder-friendly approach.

Texas Instruments (TXN) CFO Rafael Lizardi is set to speak at the Goldman Sachs 2024 Communacopia + Technology Conference in San Francisco on September 10, 2024, at 10:10 AM PT. Lizardi will address questions from analysts and investors, discussing TI's business outlook and strategy for key markets in analog and embedded processing technologies.

The presentation will be accessible via live audio webcast through the Investor Relations section of TI's website (www.ti.com/ir). An archived replay will be available after the event. This conference appearance provides an opportunity for stakeholders to gain insights into TI's growth positioning and market strategies.

Texas Instruments (TXN) CEO Haviv Ilan is set to speak at the Citi 2024 Global TMT Conference in New York City on September 5, 2024, at 9:10 a.m. Eastern time. Ilan will address questions from analysts and investors, discussing TI's business outlook and strategy for key markets in analog and embedded processing technologies. The presentation will highlight how these capabilities position the company for future growth.

Investors can access a live audio webcast of the conference through the Investor Relations section of TI's website (www.ti.com/ir). An archived replay will be available on the website after the event. This appearance provides an opportunity for stakeholders to gain insights into TI's market positioning and growth strategies directly from the company's leadership.

Elliott Investment Management has released a statement praising Texas Instruments' (NASDAQ: TXN) capital-allocation update. The update reaffirms TI's commitment to long-term growth of free cash flow per share. TI presented a path to robust free cash flow generation, including a potential $12 per share of free cash flow in 2026. The company also committed to a flexible, modular capex plan starting in 2026.

Elliott supports TI's strategy to build the largest US-based, 300-mm analog semiconductor capacity. The investment firm views the update as aligned with their proposed approach and considers it a positive step towards long-term value creation for shareholders. Elliott appreciates the ongoing constructive dialogue with Texas Instruments.