TXN Stock: Texas Instruments Tops Q1 Targets

Chipmaker Texas Instruments (TXN) late Tuesday topped expectations for the first quarter but offered guidance below views for the current period. TXN stock fell in extended trading.

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The Dallas-based company earned $1.85 a share on sales of $4.38 billion in the March quarter. Analysts polled by FactSet had expected earnings of $1.77 a share on sales of $4.37 billion. In the year-earlier period, Texas Instruments earned $2.35 a share on sales of $4.91 billion.

In after-hours trading on the stock market today, TXN stock dipped 0.5% to 168.50. During the regular session Tuesday, TXN stock fell 3.7% to close at 169.39, amid an overall down day for the market.

Earnings report details to follow.

TXN Stock Is An IBD Tech Leader

The company’s shares rank eighth out of 30 stocks in IBD’s semiconductor manufacturing industry group, according to IBD Stock Checkup.

Texas Instruments has an IBD Composite Rating of 89 out of 99. The Composite Rating scores a stock’s key growth metrics against all other stocks, regardless of industry group.

Moreover, TXN stock is on the IBD Tech Leaders list.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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