|Bid||0.00 x 800|
|Ask||0.00 x 1200|
|Day's Range||128.23 - 131.10|
|52 Week Range||87.70 - 132.20|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||23.47|
|Earnings Date||Jan 21, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||3.60 (2.75%)|
|1y Target Est||129.85|
Stock futures: Nike CEO Mark Parker will exit, with ServiceNow CEO John Donahoe stepping in. Chipotle, Snap, Texas Instruments were big earnings movers.
U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings from Texas Instruments raised worries about the global tech sector and after British lawmakers forced the government to hit the pause button on the latest Brexit deal. European shares are expected to fall, with pan-European Euro Stoxx 50 futures trading down 0.72%, German DAX futures losing 0.79% and FTSE futures off 0.23%. S&P500 mini futures dropped 0.2% while Japan's Nikkei was up 0.1% after falling as much as 0.4%.
The recent run-up in semiconductor stocks may be finally ending, as Texas Instruments does not call a bottom to the downturn.
(Bloomberg) -- Texas Instruments Inc. shares slumped after the chipmaker gave a weaker-than-expected forecast and warned that trade tension is making customers far more cautious. The report spurred a sell off in semiconductor stocks.Investors have poured money into chip stocks this year, betting on a rebound in demand. That hasn’t happened as a U.S.-China trade war drags on, undermining economic growth. Texas Instruments, the first big semiconductor maker to report in this earnings cycle, has products in almost all markets that use electronic components, making its predictions a broad indicator.The company said most of its markets deteriorated in the quarter, with automotive and communications-equipment demand among the weakest. Companies are cutting back on orders as they wait for China and the U.S. to reach a definitive trade agreement, Chief Financial Officer Rafael Lizardi said.“Macro is weak because of trade tensions,” Lizardi added in an interview on Tuesday. “When that happens, companies pull back.”Texas Instruments has more than 100,000 customers and a similar number of products, so a drop in orders signifies a weaker economy, not a loss of market share, the CFO also said.Fourth-quarter earnings will be 91 cents a share to $1.09 a share on revenue of $3.07 billion to $3.33 billion, the Dallas-based company said in a statement. On average, analysts predicted profit of $1.28 a share and sales of $3.59 billion, according to data compiled by Bloomberg. At the mid-point, Texas Instruments’ projections represents a 14% decline in revenue from a year earlier.The company had said sales declines this year were the result of torrid growth in 2018 when customers accumulated inventory they’re now working through. A normal pattern would result in five quarterly declines before the backlog is cleared. The quarterly results reported on Tuesday marked the fourth period of contraction, so Wall Street was looking for signs of improvement. That made the warning from Texas Instruments particularly disappointing.“It’s more concerning for the global growth outlook going forward,” said Logan Purk, an analyst at Edward D. Jones & Co. “It’s not good for the rest of the semiconductor space or markets in general.”Texas Instruments shares dropped 10% in extended trading on Tuesday, after closing at $128.57 in New York. The stock has gained 36% this year. The benchmark Philadelphia Stock Exchange Semiconductor Index has increased 39% in 2019.The world’s sixth-largest chipmaker reported third-quarter net income fell to $1.43 billion, or $1.49 per share, from $1.57 billion, or $1.58 a share, in the same period a year earlier. Revenue dropped 11% to $3.77 billion. Analysts had estimated a profit of $1.42 a share on sales of $3.81 billion.The company gets the biggest portions of its revenue from the industrial and automotive markets where its chips provide key basic functionality such as power regulation and the translation of real-word experiences like sound and pressure into electronic signals. It’s a major supplier of parts for communications equipment such as mobile phone network base stations. Demand for that kind of chip dropped 20%, the company said.(Updates with comments from CFO in the fourth paragraph.)To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Texas Instruments Inc. shares dropped in the extended session Tuesday after the chip-maker’s outlook fell well beneath Wall Street estimates, and other chip-maker stocks took an after-hours hit.
Texas Instruments Inc. is facing stronger headwinds as revenue declines. The Dallas semiconductor company (Nasdaq: TXN) said sales dropped 11 percent in the third quarter compared to the year ago period, the company said in a press release on Tuesday. “Most markets weakened further,” CEO Rich Templeton said in the statement.
(Bloomberg) -- Semiconductor stocks in the U.S. tumbled after Texas Instruments raised alarms with a fourth-quarter revenue forecast that trailed the lowest estimate on Wall Street. Lynx Equity, including analysts KC Rajkumar and Jahanara Nissar, warned clients that the Dallas company’s miss was “not an auspicious start to the earnings seasons for semis.”Intel Corp., Xilinx Inc., Microchip Technology Inc., Analog Devices Inc. and Nvidia Corp. were among chipmakers that fell more than 2% in after-hours trading. Texas Instruments plunged as much as 11%.Texas Instruments is the first U.S. semiconductor maker to report earnings for the most recent quarter, at a time when chip stocks have surged on optimism that the U.S.-China trade war will reach a settlement and demand will improve. The Philadelphia Semiconductor Index has gained 39% in 2019.What will resonate with investors the most, says Lynx Equity, is the revelation that “most markets weakened further,” according to Texas Instruments chief executive officer Rich Templeton in a statement. Lynx expects “the broad-based semi sector to trade down in sympathy tomorrow.”While expectations for Texas Instruments were relatively subdued, its earnings results are closely watched by investors because of its broad customer base and geographic reach.(Adds Lynx Equity comments throughout)To contact the reporters on this story: Jeran Wittenstein in San Francisco at firstname.lastname@example.org;Kamaron Leach in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Chipmaker Texas Instruments late Tuesday delivered mixed third-quarter results and guided much lower than forecasts for the fourth quarter. The TI earnings news sent its stock sharply lower.
TECHTRADERDAILY BLOG (TXN) stock fell in late trading Tuesday after the chip maker’s third-quarter results slightly missed estimates. Investors are likely to be more focused on the company’s fourth-quarter outlook, though, which missed Wall Street expectations by a wide margin.
Texas Instruments Inc forecast current-quarter revenue well below estimates on Tuesday, the latest sign that the global microchip industry is being squeezed by a downturn in demand as well as a prolonged U.S.-China trade dispute. Texas, whose broad lineup of products makes it a proxy for the global chip industry, said revenue declined as most markets weakened further. The company had previously warned that a slowdown in demand for microchips that started late last year may last a few more quarters, as China's economy slows and manufacturers face the fallout of an ongoing trade dispute with the United States.
Conference call on TI website at 3:30 p.m. Central time today www.ti.com/ir DALLAS , Oct. 22, 2019 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported third quarter revenue ...
Shares of Texas Instruments Inc. fell in after-hours trading Tuesday after the computer chip maker reported lighter-than-expected third-quarter revenue and forecast fourth-quarter results below analysts' projections.
Investing.com - Texas Instruments (NASDAQ:TXN) slumped on Tuesday in after-hours trading after missing third-quarter forecasts on both the top and bottom lines and delivering a sour outlook on chip demand, saying most markets had weakened further.
As most companies in this space have seen no negative earnings estimate revisions, semiconductor ETFs might continue to see smooth trading in the weeks ahead.
Apple has surged to all-time highs, but here are two other tech stocks hitting never-seen-before levels that you'll want in your portfolio.
Texas Instruments offered a sales outlook that came up short against Wall Street estimates, driving down shares in the company and fellow chipmakers late Tuesday. The Dallas-based group was one of the first chipmakers to warn last year of softer demand in the sector, amid weaker economic growth globally and US-China trade tensions. Texas Instruments and the Philadelphia semiconductor index, which tracks 30 players in the industry, have both outperformed the broader market this year on hopes of improving trends.
As usual, last week's headlines were filled with anything but positive news. Trade war scares, partisan politics and out-of-context economic figures hid an incredible story. In this episode of Matt McCall's "Moneyline" podcast, he discusses what was at the heart of this silver lining: semiconductor stocks.Based off the PHLX SOX Semiconductor Sector Index, as tracked by the iShares PSLX Semiconductor ETF (NASDAQ:SOXX), semiconductor stocks hit all-time highs last week, powered by a breakout in some big names. But almost no financial media outlets covered this success. Why? McCall uses this to illustrate the dangers in turning to the likes of CNBC and Fox Business for investment advice. Instead, just read the headlines for entertainment.So what had semiconductor stocks soaring? Nvidia (NASDAQ:NVDA) led the way, reaching an 11-month high last week. Nvidia stock has several catalysts. The 5G rollout, data centers, high-tech gaming and self-driving cars all will use Nvidia chips. Additionally, with rumors of a U.S.-China trade war resolution on the way, any sign of peace could boost NVDA and its peers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut NVDA didn't lead the breakout alone. Texas Instruments (NASDAQ:TXN), Taiwan Semiconductor Manufacturing Company (NYSE:TSM) and ASML Holding (NASDAQ:ASML) also contributed to last week's record. As 5G keeps growing, make sure to keep your eyes peeled on semiconductor stocks. McCall's PodcastUnfortunately for investors, McCall argues that the financial press also obscured the truth behind September's retail sales numbers. Instead of focusing on the positives, many reported that September's sales were down 0.3% from August. But, year-over-year, September's numbers were up 4.1%. * 10 Stocks to Sell Before December's Meltdown True, auto sales and receipts at service stations both fell. But McCall points out that the service station figure most likely reflects cheaper gasoline. Plus, the core retail sales figure doesn't count those categories due to their historical volatility. On the brighter side, clothing and furniture sales were both up, as were sales from restaurants and bars. To McCall, one thing is very clear: The U.S. consumer is still very healthy.So instead of listening to the naysayers, do your own research. That's why McCall prefers to do his own boots-on-the-ground exploring. Through this practice, he's found several stocks to buy. One name is a growing star in the retail space -- and another sign the consumer is still happy and healthy.Tune into "Moneyline" for more information on Canadian-based Aritzia (OTCMKTS:ATZAF) and more insight on last week's gloomy headlines.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell Before December's Meltdown * 7 Software Stocks to Buy for Growth * 3 Large-Cap Stocks to Buy After Earnings The post Semiconductor Stocks Are Breaking Out appeared first on InvestorPlace.
Let's focus on some technology stocks like Texas Instruments (TXN), Snap (SNAP), CoStar Group (CSGP) and others that are slated to report third-quarter results on Oct 22.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he likes RingCentral Inc (NYSE: RNG ) very much, but he understands this is not a market for the stock. He would wait for a pullback. Cramer ...
Oct.22 -- Texas Instruments Inc. gave a weaker-than-expected forecast for the current quarter, causing concern that a rebound in demand for semiconductors will take longer than investors hoped. Bloomberg Intelligence's Anand Srinivasan has more on "Bloomberg Markets: What'd You Miss?"