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Saturday, June 19, 2021

Why Texas Instruments Incorporated (TXN) stock underperformed on Tuesday?

Texas Instruments Incorporated (TXN) shares declined 2.63% to trade at $185.2 in after-market on Tuesday, April 27, 2021. Earlier, TXN’s stock lost -0.60% to close Tuesday’s session at $190.21. TXN shares have gained 64.29% over the last 12 months, and they have moved up by 2.67% in the past week. Over the past three months, the stock has risen 10.93%, while over the past six months, it has added 26.84%.


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 Let’s see what’s going on with TXN?

Financial results announcement

On April 27, 2021, Texas Instruments Incorporated reported its financial results for the first quarter of 2021 ended March 31, 2021.

Q1 2021 financial highlights

  • Texas Instruments reported first-quarter 2021 revenue of $4.29 billion compared to $3.33 billion in Q1 2020.
  • The company had a net income of $1.75 billion and earnings per share of $1.87 in Q1 2021 compared to $1.174 billion net income and earnings per share of $1.24 in Q1 2020.
  • Q1 2021 operating profit was approximately $2.0 billion compared to $1.24 billion in Q1 2020.

Q2 2021 financial outlook

Texas Instruments is expecting revenue in the range of $4.13 billion to $4.47 billion and earnings per share between $1.68 and $1.92 for Q2 2021.

Quarterly dividend announcement for Q2 2021.

On April 22, 2021, the board of directors of Texas Instruments Incorporated declared a quarterly cash dividend of $1.02 per share of common stock, payable May 17, 2021, to stockholders.

New synchronous DC/DC buck controllers

On April 7, 2021, Texas Instruments introduced a new family of synchronous DC/DC buck controllers that enable engineers to shrink the size of the power-supply solution and lower its electromagnetic interference (EMI).

The LM25149-Q1 and LM25149 enable engineers to cut the area of the external EMI filter in half by bringing an integrated active EMI filter (AEF) and dual-random spread-spectrum (DRSS) technology and it also enables them to lower the conducted EMI of the power design by as much as 55 dBµV across multiple frequency bands.

Participation in the investor conference

Texas Instruments Incorporated recently participated virtually in Morgan Stanley Technology, Media, and Telecom Conference which held on Monday, March 1, 2021.

TXN Senior Vice President and Chief Financial Officer Rafael Lizardi presented the company.

Conclusion

Despite the good Q1 2021, financial results announcement, TXN stock went down on Tuesday which is a bit strange. We can assume that the investors were looking for more improved numbers because the semiconductor business has skyrocketed in recent months.

About the company

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, tests, and sells analog and embedded processing chips. The company was founded in 1930 and Headquartered in Dallas, Texas. Richard K. Templeton is chairman, president, and CEO of the TXN and it has 30, 000 employees with14 manufacturing sites all over the world. The company made most of its revenue from the Industrial and automotive markets.

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