Texas Instruments stock: chip barometer with positive signals

taketonews

by Klaus Schachinger, Euro on Sunday

Texas Instruments’ (TI) second-quarter results came in much better than expected. TI made significantly more at $2.45 per share compared to the $2.13 analysts had been forecasting. Sales of $5.21 billion were also well above the $4.65 billion estimated by experts.

The median of TI’s guidance range for the current quarter is $4.9 billion to $5.3 billion, also above estimates. The markets for automotive chips and semiconductors for industrial customers remained strong, while demand for chips for consumer electronics was weaker, the board said.



Reserves: The confidence of the chip heavyweight should help the share price to overcome technical chart hurdles.

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