Texas Instruments Inc. expecting sales and profit in line with forecasts

Texas Instruments Inc. is known as the largest global analog and digital semiconductor IC design and manufacturing company. It also designs and manufactures semiconductor solutions for analog and digital embedded and application processing.

The company is a manufacturer of chips, which are used literally in almost every digital device that may vary from space hardware and equipment to home electronics. Considering this fact, the demand towards its products in all niches of economy is explicable, as well as the earnings of Texas Instruments Inc.

The largest analog chipmaker, announced that the users car components demand compensates for the decreased number of orders and sales for other industrial equipment. This gives Texas instruments Inc. the reason to expect fourth-quarted sales and profit in correspondence with the financial forecasts of most analysts.

One of the analysts, who for for Stifel Nicolaus & Co. – Tore Svanberg – said on this occasion: “The highlights this year had been industrial and automotive. The only market thats holding up a little better is automotive. All the others are seeing sequential declines.”

On the other hand, Rich Templeton, who is the CEO of the company is trying to implement a change in the course of the company and turn it to analog and embedded-processing markets. He also insists on the company to move away from modems and mobile phones, because this industry is now under the leadership of Qualcomm Inc., which considerably decreases the chances of Texas Instruments Inc. of making a significant breakthrough.

When it comes to extended trading, the shares of the company changed a bit. According to Bloomberg, the stock advanced less than 1% to 43.58 dollars at the close in New York yesterday, leaving it up 41% this year. However, Texas Instruments Inc. refused to give any more information about the regions and markets they have better or worse performance on, compared to their competitors. The company is expected to report its profit and results in January.

According to CNN Money, the current share price of Texas Instruments Inc. is 0.21% up, and its one-year return rate in 41.08% up. The 30 analysts offering 12-month price forecasts for the company have a median target of 40.00, with a high estimate of 50.00 and a low estimate of 33.00. The median estimate represents a -8.21% decrease from the last price of 43.58.

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