Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide.
Adequate balance sheet average dividend payer.
Share Price & News
How has Texas Instruments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TXN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TXN underperformed the US Semiconductor industry which returned 3.6% over the past year.
Return vs Market: TXN matched the US Market which returned -10.7% over the past year.
Price Volatility Vs. Market
How volatile is Texas Instruments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StTexas Instruments (NASDAQ:TXN) Has A Pretty Healthy Balance Sheet
4 weeks ago | Simply Wall StShould You Or Shouldn't You: A Dividend Analysis on Texas Instruments Incorporated (NASDAQ:TXN)
1 month ago | Simply Wall StInvestors Who Bought Texas Instruments (NASDAQ:TXN) Shares Five Years Ago Are Now Up 127%
Is Texas Instruments undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TXN ($99.76) is trading above our estimate of fair value ($80.05)
Significantly Below Fair Value: TXN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TXN is good value based on its PE Ratio (18.7x) compared to the Semiconductor industry average (26.7x).
PE vs Market: TXN is poor value based on its PE Ratio (18.7x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: TXN is poor value based on its PEG Ratio (6x)
Price to Book Ratio
PB vs Industry: TXN is overvalued based on its PB Ratio (10.4x) compared to the US Semiconductor industry average (2.3x).
How is Texas Instruments forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TXN's forecast earnings growth (3.1% per year) is above the savings rate (1.7%).
Earnings vs Market: TXN's earnings (3.1% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: TXN's earnings are forecast to grow, but not significantly.
Revenue vs Market: TXN's revenue (2.5% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: TXN's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TXN's Return on Equity is forecast to be very high in 3 years time (76%).
How has Texas Instruments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TXN has high quality earnings.
Growing Profit Margin: TXN's current net profit margins (34.7%) are lower than last year (35.1%).
Past Earnings Growth Analysis
Earnings Trend: TXN's earnings have grown by 14.4% per year over the past 5 years.
Accelerating Growth: TXN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TXN had negative earnings growth (-10%) over the past year, making it difficult to compare to the Semiconductor industry average (-30.5%).
Return on Equity
High ROE: TXN's Return on Equity (56.3%) is considered outstanding.
How is Texas Instruments's financial position?
Financial Position Analysis
Short Term Liabilities: TXN's short term assets ($8.8B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: TXN's short term assets ($8.8B) exceed its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: TXN's debt to equity ratio (65.2%) is considered high.
Reducing Debt: TXN's debt to equity ratio has increased from 44.6% to 65.2% over the past 5 years.
Debt Coverage: TXN's debt is well covered by operating cash flow (114.6%).
Interest Coverage: TXN's interest payments on its debt are well covered by EBIT (33.4x coverage).
Inventory Level: TXN has a high level of physical assets or inventory.
Debt Coverage by Assets: TXN's debt is covered by short term assets (assets are 1.5x debt).
What is Texas Instruments's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TXN's dividend (3.61%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: TXN's dividend (3.61%) is low compared to the top 25% of dividend payers in the US market (5.37%).
Stability and Growth of Payments
Stable Dividend: TXN's dividends per share have been stable in the past 10 years.
Growing Dividend: TXN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.3%), TXN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TXN is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rich Templeton (60yo)
Mr. Richard K. Templeton, also known as Rich, serves as the Chief Executive Officer and President of Texas Instruments Inc. since July 17, 2018. Mr. Templeton joined Texas Instruments Inc. in 1980 in the S ...
CEO Compensation Analysis
Compensation vs Market: Rich's total compensation ($USD18.63M) is above average for companies of similar size in the US market ($USD11.77M).
Compensation vs Earnings: Rich's compensation has been consistent with company performance over the past year.
|Senior VP of Finance & Operations||3.17yrs||US$4.86m||0.0020% $1.8m|
|Senior Vice President of Analog Power Products||3.25yrs||US$5.90m||0.0082% $7.4m|
|Senior Vice President of Analog Signal Chain||5.5yrs||US$5.86m||0.0080% $7.2m|
|Senior VP & CTO||2.25yrs||no data||0.0026% $2.3m|
|Senior VP of IT Services & Chief Information Officer||5.92yrs||no data||0.0032% $2.9m|
|Head of Investor Relations & VP||5.67yrs||no data||no data|
|Senior VP||4.67yrs||no data||0.0050% $4.5m|
|Senior Vice President of Communications & Investor Relations||3.25yrs||no data||0.0022% $2.0m|
|Senior Vice President of Worldwide Sales & Applications||5.25yrs||no data||0.0062% $5.6m|
Experienced Management: TXN's management team is considered experienced (4 years average tenure).
|Independent Director||15.58yrs||US$309.97k||0.00034% $307.6k|
|Independent Director||4.75yrs||US$314.94k||no data|
|Lead Director||1yr||US$351.61k||0.0033% $3.0m|
|Independent Director||6.58yrs||US$314.99k||0.00066% $597.1k|
|Independent Director||9.08yrs||US$304.94k||0.0011% $1.0m|
|Independent Director||3.08yrs||US$284.94k||no data|
|Independent Director||7.17yrs||US$323.28k||0.0016% $1.5m|
|Independent Director||1.75yrs||US$312.44k||0.0012% $1.1m|
|Independent Director||3.75yrs||US$284.94k||no data|
Experienced Board: TXN's board of directors are considered experienced (5.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TXN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Texas Instruments Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Texas Instruments Incorporated
- Ticker: TXN
- Exchange: NasdaqGS
- Founded: 1930
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$90.465b
- Shares outstanding: 933.69m
- Website: https://www.ti.com
Number of Employees
- Texas Instruments Incorporated
- 12500 TI Boulevard
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TXN||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1968|
|TXN||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jan 1968|
|TII||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
|TXN *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1968|
|TII||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jan 1968|
|TXN||SNSE (Santiago Stock Exchange)||Yes||Common Stock||CL||USD||Jan 1968|
|TXN-U||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Jan 1968|
|0R2H||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 1968|
|TXN||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jan 1968|
|TXN||BASE (Buenos Aires Stock Exchange)||CEDEAR EACH 5 REP 1 ORD USD1||AR||ARS||Sep 2000|
|TEXA34||BOVESPA (Bolsa de Valores de Sao Paulo)||EACH BDR REPR 1 COM USD1||BR||BRL||Aug 2015|
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products. This segment also provides signal chain products that sense, condition, and measure signals to allow information to be transferred or converted for further processing and control for use in end markets, including amplifiers, data converters, interface products, motor drives, clocks, and sensing products.; and high volume products comprising integrated analog and standard products, which are primarily for sale into personal electronics, industrial, and automotive markets. The Embedded Processing segment offers connected microcontrollers, such as microcontrollers, microcontrollers with integrated wireless capabilities, and stand-alone wireless connectivity solutions that are used in electronic equipment; digital signal processors for mathematical computations; and applications processors for specific computing activity. This segment offers products for use in various markets, such as industrial, automotive, Personal electronics, communications equipment, enterprise systems, and calculators and other. The company also provides DLP products primarily for use in projectors to create high-definition images; calculators; and application-specific integrated circuits. Texas Instruments Incorporated markets and sells its semiconductor products through direct sales and distributors, as well as through its website. The company was founded in 1930 and is headquartered in Dallas, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/02 11:46|
|End of Day Share Price||2020/04/01 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.