Cowen Cuts the Price Target to $58 on Texas Instruments (TXN) Following 2Q15
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TI reports 2Q15 financial results and shareholder returns
July 22, 2015 4:30 PM EDTDALLAS, July 22, 2015 /PRNewswire/ --Â Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported second-quarter revenue of $3.23 billion, net income of $696 million and earnings per share of 65 cents.
Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:
"Revenue declined 2 percent year over year, inclusive of notably weak demand in communications equipment and continued strong demand in automotive. "Even so, our core businesses of Analog and Embedded Processing, together, grew slightly year over year and comprised 85 percent of second-quarter revenue.... More32-bit ADCs combine best-in-class performance and features to eliminate typical design trade-offs
July 21, 2015 9:52 AM EDTDALLAS, July 21, 2015 /PRNewswire/ --Â Texas Instruments (TI) (NASDAQ: TXN) today introduced a pair of 32-bit delta-sigma analog-to-digital converters (ADCs) that combine high resolution, low noise and integrated fault detection, eliminating many of the performance and features trade-offs typically associated with device evaluation and selection. The highly integrated, sensor-ready ADS1262 and ADS1263 also remove the need for external components that increase system cost and degrade noise and drift performance. For more information, visit... More
