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35.99 (1y: +25%)
Market Cap 40.57 B P/E(ttm) 22.30
Enterprise Value 42.42 B P/B 3.60
TXN- NAS (USA)
Texas Instruments, Inc.
  • Currently 2/5
Business Predictability Rank: 2-Star (On Watch)
Back Testing Results:
Average gain of all 2-Star stocks: 6% per year.
% of Stocks that are in still loss if held for 10yrs: 16%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$35.99
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 0.697
TXN's Cash to Debt is ranked lower than
66% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 10000.00 vs. TXN: 0.697 )
TXN' s 10-Year Cash to Debt Range
Min: 0.53   Max: No Debt
Current: 0.7
Equity to Asset 0.195
TXN's Equity to Asset is ranked lower than
93% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 0.59 vs. TXN: 0.195 )
TXN' s 10-Year Equity to Asset Range
Min: 0.17   Max: 0.75
Current: 0.2
0.17
0.75
Interest Coverage 23.2
TXN's Interest Coverage is ranked higher than
56% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 10000.00 vs. TXN: 23.2 )
TXN' s 10-Year Interest Coverage Range
Min: 23   Max: No Debt
Current: 23.2
F-Score: 6
Z-Score: 5.99
M-Score: -2.94
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 15.40
TXN's Operating margin (%) is ranked higher than
95% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.60 vs. TXN: 15.40 )
TXN' s 10-Year Operating margin (%) Range
Min: -7.1   Max: 32.3
Current: 15.4
-7.1
32.3
Net-margin (%) 13.7
TXN's Net-margin (%) is ranked higher than
96% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.40 vs. TXN: 13.7 )
TXN' s 10-Year Net-margin (%) Range
Min: -4.1   Max: 30.5
Current: 13.7
-4.1
30.5
ROE (%) 16
TXN's ROE (%) is ranked higher than
97% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.00 vs. TXN: 16 )
TXN' s 10-Year ROE (%) Range
Min: -3.2   Max: 38.2
Current: 16
-3.2
38.2
ROA (%) 8.8
TXN's ROA (%) is ranked higher than
95% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.20 vs. TXN: 8.8 )
TXN' s 10-Year ROA (%) Range
Min: -2.3   Max: 31.2
Current: 8.8
-2.3
31.2
ROC (Joel Greenblatt) (%) 31.60
TXN's ROC (Joel Greenblatt) (%) is ranked higher than
93% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 4.80 vs. TXN: 31.60 )
TXN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -8.5   Max: 79.4
Current: 31.6
-8.5
79.4
Revenue Growth (%) 8
TXN's Revenue Growth (%) is ranked higher than
85% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 4.80 vs. TXN: 8 )
TXN' s 10-Year Revenue Growth (%) Range
Min: -4.3   Max: 13.2
Current: 8
-4.3
13.2
EBITDA Growth (%) 5.6
TXN's EBITDA Growth (%) is ranked higher than
90% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 5.00 vs. TXN: 5.6 )
TXN' s 10-Year EBITDA Growth (%) Range
Min: -9.1   Max: 30.1
Current: 5.6
-9.1
30.1
EPS Growth (%) 7
TXN's EPS Growth (%) is ranked higher than
91% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.90 vs. TXN: 7 )
TXN' s 10-Year EPS Growth (%) Range
Min: -20.6   Max: 42.2
Current: 7
-20.6
42.2
ยป TXN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

TXN Guru Trades in Q2 2012

Bruce Kovner 69,555 sh (New)
Jim Simons 1,609,100 sh (New)
Manning & Napier Advisors, Inc 67,537 sh (New)
HOTCHKIS & WILEY 3,492,900 sh (+2323.94%)
Ray Dalio 180,725 sh (+531.35%)
Ken Fisher 470,704 sh (+33.88%)
Bill Nygren 4,395,000 sh (+25.75%)
Chuck Royce 57,000 sh (+17.4%)
James Barrow 8,273,984 sh (+11.24%)
Charles de Vaulx 2,652,445 sh (+9.19%)
Charles Brandes 228,185 sh (+2.92%)
Mario Gabelli 780,978 sh (+2.36%)
Wallace Weitz 2,640,600 sh (+1.54%)
Jean-Marie Eveillard 8,596,678 sh (+0.96%)
Westport Asset Management 107,964 sh (unchged)
Brian Rogers 2,836,900 sh (unchged)
George Soros Sold Out
Andreas Halvorsen Sold Out
John Hussman Sold Out
Louis Moore Bacon Sold Out
Paul Tudor Jones Sold Out
Chris Davis 25,085,261 sh (-1.12%)
PRIMECAP Management 59,002,008 sh (-1.16%)
Pioneer Investments 2,199,127 sh (-7.01%)
Richard Snow 1,767,797 sh (-7.69%)
Mark Hillman 76,164 sh (-48.9%)
Jeremy Grantham 165,238 sh (-51.65%)
Steven Cohen 56,303 sh (-80.85%)
» More
Q3 2012

TXN Guru Trades in Q3 2012

Paul Tudor Jones 100,000 sh (New)
James Barrow 11,105,529 sh (+34.22%)
Brian Rogers 3,786,900 sh (+33.49%)
Chuck Royce 67,000 sh (+17.54%)
Wallace Weitz 3,016,300 sh (+14.23%)
Bill Nygren 4,995,000 sh (+13.65%)
Jean-Marie Eveillard 9,671,179 sh (+12.5%)
Manning & Napier Advisors, Inc 74,612 sh (+10.48%)
HOTCHKIS & WILEY 3,650,702 sh (+4.52%)
Charles Brandes 237,289 sh (+3.99%)
Westport Asset Management 107,964 sh (unchged)
Jim Simons Sold Out
Ken Fisher Sold Out
Bruce Kovner Sold Out
Ray Dalio Sold Out
PRIMECAP Management 58,301,803 sh (-1.19%)
Mario Gabelli 771,428 sh (-1.22%)
Richard Snow 1,719,105 sh (-2.75%)
Charles de Vaulx 2,567,755 sh (-3.19%)
Mark Hillman 60,110 sh (-21.08%)
Chris Davis 17,325,073 sh (-30.94%)
Steven Cohen 36,727 sh (-34.77%)
Jeremy Grantham 47,238 sh (-71.41%)
Pioneer Investments 344,916 sh (-84.32%)
» More
Q4 2012

TXN Guru Trades in Q4 2012

George Soros 75,000 sh (New)
Ray Dalio 53,400 sh (New)
Bill Frels 11,700 sh (New)
Steven Cohen 665,657 sh (+1712.45%)
Brian Rogers 4,786,900 sh (+26.41%)
Jean-Marie Eveillard 12,143,612 sh (+25.56%)
HOTCHKIS & WILEY 3,995,977 sh (+9.46%)
Bill Nygren 5,465,000 sh (+9.41%)
James Barrow 11,142,097 sh (+0.33%)
Paul Tudor Jones 100,000 sh (unchged)
Westport Asset Management 107,964 sh (unchged)
Paul Tudor Jones Sold Out
Chuck Royce Sold Out
Manning & Napier Advisors, Inc 74,439 sh (-0.23%)
Pioneer Investments 342,804 sh (-0.61%)
PRIMECAP Management 57,763,753 sh (-0.92%)
Mario Gabelli 749,928 sh (-2.79%)
Richard Snow 1,654,852 sh (-3.74%)
Wallace Weitz 2,896,300 sh (-3.98%)
Charles Brandes 226,874 sh (-4.39%)
Charles de Vaulx 2,453,067 sh (-4.47%)
Chris Davis 15,877,608 sh (-8.35%)
Mark Hillman 45,060 sh (-25.04%)
» More
Q1 2013

TXN Guru Trades in Q1 2013

Louis Moore Bacon 250,000 sh (New)
Joel Greenblatt 22,340 sh (New)
Manning & Napier Advisors, Inc 86,862 sh (+16.69%)
Brian Rogers 4,786,900 sh (unchged)
Bill Nygren 5,465,000 sh (unchged)
Westport Asset Management 107,964 sh (unchged)
Mark Hillman Sold Out
George Soros Sold Out
Richard Snow 1,638,301 sh (-1%)
Chris Davis 15,617,642 sh (-1.64%)
Wallace Weitz 2,840,600 sh (-1.92%)
Mario Gabelli 733,028 sh (-2.25%)
PRIMECAP Management 55,969,515 sh (-3.11%)
James Barrow 10,685,085 sh (-4.1%)
HOTCHKIS & WILEY 3,581,949 sh (-10.36%)
Ray Dalio 46,900 sh (-12.17%)
Charles Brandes 152,323 sh (-32.86%)
Pioneer Investments 199,904 sh (-41.69%)
Bill Frels 6,600 sh (-43.59%)
Jean-Marie Eveillard 5,808,899 sh (-52.16%)
Steven Cohen 14,594 sh (-97.81%)
» More
» Details

Insider Trades

Latest Guru Trades with TXN

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2013-03-31 Reduce -52.16%0.68%$30.89 - $35.62 $ 35.997%5808899
Joel Greenblatt 2013-03-31 New Buy0.04%$30.89 - $35.62 $ 35.997%22340
George Soros 2013-03-31 Sold Out 0.03%$30.89 - $35.62 $ 35.997%0
Charles Brandes 2013-03-31 Reduce -32.86%0.03%$30.89 - $35.62 $ 35.997%152323
Jean-Marie Eveillard 2012-12-31 Add 25.56%0.26%$27.17 - $31.34 $ 35.9923%12143612
George Soros 2012-12-31 New Buy0.03%$27.17 - $31.34 $ 35.9923%75000
Ray Dalio 2012-12-31 New Buy0.02%$27.17 - $31.34 $ 35.9923%53400
Wallace Weitz 2012-09-30 Add 14.23%0.49%$26.43 - $30.28 $ 35.9927%3016300
James Barrow 2012-09-30 Add 34.22%0.16%$26.43 - $30.28 $ 35.9927%11105529
Jean-Marie Eveillard 2012-09-30 Add 12.5%0.11%$26.43 - $30.28 $ 35.9927%9671179
Ray Dalio 2012-09-30 Sold Out 0.08%$26.43 - $30.28 $ 35.9927%0
John Hussman 2012-06-30 Sold Out 0.33%$26.76 - $33.18 $ 35.9920%0
George Soros 2012-06-30 Sold Out 0.07%$26.76 - $33.18 $ 35.9920%0
Ray Dalio 2012-06-30 Add 531.35%0.06%$26.76 - $33.18 $ 35.9920%180725
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 22.30
TXN's P/E(ttm) is ranked higher than
73% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 18.76 vs. TXN: 22.30 )
TXN' s 10-Year P/E(ttm) Range
Min: 7.72   Max: 618.4
Current: 22.3
7.72
618.4
P/B 3.60
TXN's P/B is ranked lower than
82% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.28 vs. TXN: 3.60 )
TXN' s 10-Year P/B Range
Min: 1.92   Max: 14.28
Current: 3.6
1.92
14.28
P/S 3.20
TXN's P/S is ranked lower than
83% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. TXN: 3.20 )
TXN' s 10-Year P/S Range
Min: 1.46   Max: 15.79
Current: 3.2
1.46
15.79
PFCF 14.40
TXN's PFCF is ranked higher than
63% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 15.69 vs. TXN: 14.40 )
TXN' s 10-Year PFCF Range
Min: 7.19   Max: 673.4
Current: 14.4
7.19
673.4
EV-to-EBIT 21.3
TXN's EV-to-EBIT is ranked higher than
65% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 14.70 vs. TXN: 21.3 )
TXN' s 10-Year EV-to-EBIT Range
Min: 5.1   Max: 178.4
Current: 21.3
5.1
178.4
PEG 3.9
TXN's PEG is ranked higher than
96% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.93 vs. TXN: 3.9 )
TXN' s 10-Year PEG Range
Min: 0.27   Max: 12.13
Current: 3.9
0.27
12.13
Shiller P/E 19.4
TXN's Shiller P/E is ranked higher than
100% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 14.80 vs. TXN: 19.4 )
TXN' s 10-Year Shiller P/E Range
Min: 8.91   Max: 56.83
Current: 19.4
8.91
56.83

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 2.40
TXN's Dividend Yield is ranked higher than
72% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.71 vs. TXN: 2.40 )
TXN' s 10-Year Dividend Yield Range
Min: 0.09   Max: 2.86
Current: 2.4
0.09
2.86
Dividend Payout 0.5
TXN's Dividend Payout is ranked higher than
98% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 0.71 vs. TXN: 0.5 )
TXN' s 10-Year Dividend Payout Range
Min: 0.05   Max: 0.47
Current: 0.5
0.05
0.47
Dividend growth (3y) 12.5
TXN's Dividend growth (3y) is ranked higher than
98% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.55 vs. TXN: 12.5 )
TXN' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 40.6
Current: 12.5
0
40.6
Yield on cost (5-Year) 4.70
TXN's Yield on cost (5-Year) is ranked higher than
89% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.83 vs. TXN: 4.70 )
TXN' s 10-Year Yield on cost (5-Year) Range
Min: 0.18   Max: 5.6
Current: 4.7
0.18
5.6
Share Buyback Rate 2.5
TXN's Share Buyback Rate is ranked higher than
98% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: -1.55 vs. TXN: 2.5 )
TXN' s 10-Year Share Buyback Rate Range
Min: 5.7   Max: -1.4
Current: 2.5

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 22.1
TXN's Price/Net Current Asset Value is ranked higher than
92% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 6.80 vs. TXN: 22.1 )
TXN' s 10-Year Price/Net Current Asset Value Range
Min: 14.9   Max: 37.3
Current: 22.1
14.9
37.3
Price/Tangible Book 10.2
TXN's Price/Tangible Book is ranked higher than
97% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.40 vs. TXN: 10.2 )
TXN' s 10-Year Price/Tangible Book Range
Min: 2.5   Max: 10
Current: 10.2
2.5
10
Price/DCF (Projected) 1.2
TXN's Price/DCF (Projected) is ranked higher than
86% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. TXN: 1.2 )
TXN' s 10-Year Price/DCF (Projected) Range
Min: 0.5   Max: 3.8
Current: 1.2
0.5
3.8
Price/Median PS Value 1
TXN's Price/Median PS Value is ranked higher than
86% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 0.80 vs. TXN: 1 )
TXN' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 2.1
Current: 1
0.5
2.1
Price/Peter Lynch Fair Value 3.4
TXN's Price/Peter Lynch Fair Value is ranked lower than
55% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.70 vs. TXN: 3.4 )
TXN' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.4   Max: 3.2
Current: 3.4
0.4
3.2
Price/Graham Number 3.3
TXN's Price/Graham Number is ranked higher than
90% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. TXN: 3.3 )
TXN' s 10-Year Price/Graham Number Range
Min: 1.1   Max: 3
Current: 3.3
1.1
3
Earnings Yield (Greenblatt) 4.70
TXN's Earnings Yield (Greenblatt) is ranked lower than
72% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 5.60 vs. TXN: 4.70 )
TXN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.6   Max: 19.5
Current: 4.7
0.6
19.5
Forward Rate of Return (Yacktman) 11.35
TXN's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.30 vs. TXN: 11.35 )
TXN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -8.8   Max: 41.5
Current: 11.35
-8.8
41.5

Business Description

Texas Instruments Incorporated is a Delaware Corporation. The Company began operations in 1930. The Company designs and makes semiconductors that it sells to electronics designers and manufacturers all over the world. The Company has design, manufacturing or sales operations in more than 35 countries. It has four segments: Analog, Embedded Processing, Wireless and Other. It operates as a semiconductor company, additionally; it sells calculators and related products. On September 23, 2011, it completed the acquisition of National Semiconductor Corporation (National). The acquisition has brought to TI a portfolio of thousands of analog products, strong customer design tools and additional manufacturing capacity, and is consistent with its strategy to grow its Analog business. Analog semiconductors change real-world signals - such as sound, temperature, pressure or images - by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as digital signal processors (DSPs). Analog semiconductors are also used to manage power distribution and consumption. The Company's Analog segment includes the following major product lines: High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA). The Company's Embedded Processing products include its DSPs and microcontrollers. DSPs perform mathematical computations almost instantaneously to process or improve digital data. Microcontrollers are designed to control a set of specific tasks for electronic equipment. An important characteristic of its Embedded Processing products is that its customers often invest their own research and development (R&D) to write software that operates on its products. This investment tends to increase the length of its customer relationships because customers prefer to re-use software from one product generation to the next. It makes and sells catalog Embedded Processing products used in many different applications and custom Embedded Processing products used in specific applications, such as communications infrastructure equipment and automotive. Growth in the wireless market is being driven by the demand for smartphones, tablet computers and other emerging portable devices. Many of today's smartphones and tablets use an applications processor to run the device's software operating system and to enable the expanding functionality that has made smartphones and tablets the fastest growing wireless market segments. Many wireless devices also use other semiconductors to enable wireless connectivity using technologies such as Bluetooth, WiFi networks, GPS and Near Field Communications (NFC). It designs, makes and sells products to satisfy each of these requirements. The Company's primary Analog competitors include Analog Devices, Inc.; Fairchild Semiconductor Corporation; Freescale Semiconductor, Inc.; CSR plc; Intel Corporation
Company Website
SEC Reports
Industry: Semiconductors
Compare:INTC, TSM, BRCM, ARMH, ADI
Traded in other countries:TII.Germany
ยป More Articles for TXN

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