WEST PALM BEACH, Fla., July 23, 2024 /PRNewswire/ -- Elliott Investment Management L.P. (together with its affiliates "Elliott") today released the following statement attributed to Managing Partner Jesse Cohn and Partner Jason Genrich regarding Texas Instruments (NASDAQ: TXN) (the "Company"):We commend Texas Instruments on the positive shareholder engagement and capital allocation initiatives announced by CEO Haviv Ilan on today's earnings call. We are looking forward to the special Capital Management even ...

Exhibit 99 TI reports second quarter 2024 financial results and shareholder returns Conference call on TI website at 3:30 p.m. Central time today www.ti.com/ir DALLAS (July 23, 2024) – Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported second quarter revenue of $3.82 billion, net income of $1.13 billion and earnings per share of $1.22. Earnings per share included a 5-cent benefit for items that were not in the company's original guidance. Regarding the company's performance and returns to shar ...

DALLAS, July 23, 2024 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported second quarter revenue of $3.82 billion, net income of $1.13 billion and earnings per share of $1.22. Earnings per share included a 5-cent benefit for items that were not in the company's original guidance. Regarding the company's performance and returns to shareholders, Haviv Ilan, TI's president and CEO, made the following comments: "Revenue decreased 16% from the same quarter a year ago and increased 4 ...

Texas Instruments Incorporated (TXN) is scheduled to report second-quarter 2024 results on Jul 23.For the second quarter of 2024, Texas Instruments expects revenues between $3.65 billion and $3.95 billion. The Zacks Consensus Estimate is pegged at $3.80 billion, suggesting a decline of 16.2% from the year-ago quarter’s reported figure.Management expects earnings between $1.05 per share and $1.25 per share for the quarter under review. The consensus mark is pegged at $1.16 per share, indicating a fall of 37. ...

CHINA - 2023/02/15: In this photo illustration, the American technology company Texas Instruments ... [+] logo is displayed on a smartphone screen with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesTexas Instruments is poised to report its Q2 results next week. We expect the company’s revenues for the quarter to decline by about 15% year-over-year to $3.84 billion, slightly ahea ...

DALLAS, July 18, 2024 /PRNewswire/ -- The board of directors of Texas Instruments Incorporated (Nasdaq: TXN) today declared a quarterly cash dividend of $1.30 per share of common stock, payable August 13, 2024, to stockholders of record on July 31, 2024.About Texas InstrumentsTexas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communica ...

Texas Instruments (TXN) is leaving no stone unturned to strengthen its power electronics portfolio in a bid to drive its momentum across various end markets.In this regard, the company’s launch of six new power modules using its MagPack technology remains noteworthy.These power modules combine a power chip, transformer, or inductor in one package, shrinking their size by up to 23% and reducing board space and power losses. Its MagPack technology maximizes module height, width and depth, achieving a power de ...

DALLAS, July 16, 2024 /PRNewswire/ -- Texas Instruments (TI) (Nasdaq: TXN) today introduced six new power modules designed to improve power density, enhance efficiency and reduce EMI. These power modules leverage TI's proprietary MagPack integrated magnetic packaging technology, shrinking their size by up to 23% compared to competing modules, enabling designers of industrial, enterprise and communications applications to achieve previously impossible performance levels.  In fact, three of the six new device ...

Core Viewpoint - Texas Instruments has shown a strong recovery with a 20% stock return since April, significantly outperforming the S&P 500, and is positioned for future growth through strategic investments and capital allocation [2][28]. Group 1: Company Performance - Texas Instruments has returned 436% over the past ten years, although this is less than the iShares Semiconductor ETF's 902% return [2]. - The company has faced challenges post-pandemic, particularly due to its limited exposure to the AI sector, which has driven semiconductor demand [4]. - Despite these challenges, investor confidence is returning as the company’s investments are expected to yield significant returns [4]. Group 2: Capital Allocation - Texas Instruments is recognized for its superior capital allocation, having spent $94 billion from 2014 to 2023, which is about 50% of its current market cap [5]. - The company has also returned nearly $50 billion to shareholders through dividends and buybacks, achieving a 20-year streak of dividend growth with a ten-year CAGR of 17% [5][7]. - The current dividend yield stands at 2.6% with an 80% payout ratio, and the company has repurchased nearly half of its shares since 2004 [7][9]. Group 3: Investment and Growth Strategy - Texas Instruments is increasing its capital expenditures, spending approximately $5 billion annually in 2024 and 2025 to enhance manufacturing capabilities [16]. - The company is focusing on automation, electrification, and safety, with 75% of its revenue derived from automotive and industrial markets [14]. - Major projects like RFAB2 and LFAB1 are expected to significantly boost production capacity and efficiency, preparing the company for future demand surges [18][21]. Group 4: Financial Projections and Valuation - Analysts project Texas Instruments could achieve revenues between $24 billion and $26 billion by 2026, with potential EBITDA of $13 billion, reflecting a strong growth trajectory [21][23]. - The company maintains a strong balance sheet with expected net debt of $5.4 billion by 2026, equating to just 0.4x EBITDA, and holds an A+ credit rating [23]. - The stock is currently valued at a fair multiple of 14.6x EBITDA, with a potential price target of $250, representing a 24% upside from current levels [25].

Company Performance - Texas Instruments (TXN) closed at $199.99, reflecting a -1.78% change from the previous session, underperforming the S&P 500's daily loss of 0.88% [1] - Over the past month, TXN shares gained 2.33%, lagging behind the Computer and Technology sector's gain of 9.48% and the S&P 500's gain of 5.11% [1] - The upcoming earnings report on July 23, 2024, is projected to show earnings of $1.16 per share, a year-over-year decline of 37.97%, with revenue expected at $3.8 billion, reflecting a 16.15% fall from the same quarter last year [1] Annual Forecast - The Zacks Consensus Estimates for the entire year forecast earnings of $5.13 per share and revenue of $15.74 billion, indicating changes of -27.44% and -10.18% compared to the previous year [2] Analyst Estimates and Valuation - Texas Instruments currently holds a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate remaining steady over the past month [3] - The company has a Forward P/E ratio of 39.7, which is a premium compared to the industry average Forward P/E of 30.1 [3] - TXN's PEG ratio stands at 4.41, significantly higher than the industry average PEG ratio of 2.7 [3] Industry Overview - The Semiconductor - General industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 101, placing it in the top 41% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]