|July 17, 2014|
|09:03 EDT||TXN||Texas Instruments July weekly volatility elevated into Q2 and outlook |
Texas Instrument July weekly call option implied volatility is at 24 August is at 22, October is at 19; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 21.
News For TXN From The Last 14 Days
|February 11, 2016|
|12:32 EDT||TXN||Maxim evades sell-off as the possibility of a bid from TI materializes |
Shares of analog semiconductor maker Maxim Integrated Products (MXIM) are evading a broad market sell-off after research firm Macquarie mentioned the firm as a possible takeover candidate by Texas Instruments (TXN). WHAT'S NEW: In a research note from Wednesday, Macquarie analyst Deepon Nag said Texas Instruments could make a bid for Maxim Integrated. The analyst contended that although TI is in no hurry to make an acquisition, the chip giant has historically been an opportunistic buyer of distressed assets. The recent market sell off has created an opportunity in that regard as semiconductor companies are off their highs. Maxim is well off its October high of $42.18 and is currently trading at approximately $31.43 per share. The analyst believes Maxim Integrated fits Texas Instruments criteria of focusing on a strong R&D team, broad customer base, and focus on industrial and automotive end markets. Nag also believes that with additional synergies, Maxim could drive free cash flow yield of roughly 9%, above Texas' current yield of 7%. WHAT'S NOTABLE: Speaking at the Goldman Sachs Technology & Internet Conference on midday Wednesday, Texas Instruments Chief Financial Officer Kevin March spoke of the company's efforts in analog markets, especially in the automotive sector. When asked about the company's M&A strategy, March highlighted the importance of free cash flow, or FCF, that an acquisition can generate. According to Macquarie analyst Deepon Nag, a Maxim acquisition could improve TI's free cash flow yield by 2%. March stressed the importance of a strategic fit that's going to further the company's efforts in industrial and automotive. "So, when we take a look at M&A, the thing that we look at first and foremost is, does it fit our portfolio, is it strategically going to help us. Is it going to help us advance our position in industrial and automotive. It's probably going to be an analog company." said March, speaking at the Goldman conference. PRICE ACTION: Shares of Maxim are up fractionally to $31.25 in midday trading, while Texas Instruments is down over 1% to $50.13. OTHERS TO WATCH: Other chip makers in the analog space include Analog Devices (ADI) and Linear Technology Corporation (LLTC).
|February 10, 2016|
|12:07 EDT||TXN||Texas Instruments sees content growth in automotive to continue|
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|12:00 EDT||TXN||Texas Instruments CFO sees semiconductor content growth in industrial segment |
Sees industrials as a "gentle kind of growth engine" for company. Comments from Goldman Sachs Technology and Internet Conference 2016.
|09:47 EDT||TXN||Texas Instruments could make a bid for Maxim Integrated, says Macquarie|
Macquarie analyst Deepon Nag said Texas Instruments (TXN) has historically been opportunistic buyer of distressed assets, and may mean the recent market selloff provides an opportunity. The analyst believes Maxim Integrated (MXIM) fits Texas Instruments criteria of focusing on a strong R&D team, broad customer base, and focus on industrial and automotive end markets. Nag also believes with additional synergies, Maxim could drive free cash flow yield of roughly 9%, above Texas' current yield of 7%.
|09:40 EDT||TXN||Texas Instruments could make a bid for Maxim Integrated, says Macquarie|
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|07:17 EDT||TXN||Goldman Sachs to hold a conference|
Technology & Internet Conference is being held in San Francisco on February 9-11 with webcasted company presentations to begin on February 10 at 11 am; not all company presentations may be webcasted. Webcast Link
|February 3, 2016|
|10:52 EDT||TXN||Texas Instruments to host 2016 capital management strategy update call|
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|10:00 EDT||TXN||On The Fly: Analyst Downgrade Summary |
Today's noteworthy downgrades include: AIG (AIG) downgraded to Market Perform from Outperform at William Blair... Credit Acceptance (CACC) downgraded to Underperform at Raymond James... CIT Group (CIT) downgraded to Neutral from Buy at Citi... Cobalt (CIE) downgraded at Stifel... Cypress Energy (CELP) downgraded to Outperform from Strong Buy at Raymond James... Freeport McMoRan (FCX) downgraded on weak near-term outlook at Argus... Gastar Exploration (GST) downgraded to In-Line from Outperform at Imperial Capital... Intersil (ISIL) downgraded to Sell from Neutral at Citi... LyondellBasell (LYB) downgraded to Outperform from Top Pick at RBC Capital... Marriott (MAR) downgraded to Market Perform from Outperform at Wells Fargo... Microchip (MCHP) downgraded to Sell from Neutral at Goldman... Morgan Stanley (MS) downgraded to Underweight from Neutral at Atlantic Equities... Navios Maritime Partners (NMM) downgraded to Hold from Buy at Deutsche Bank... Peapack-Gladstone (PGC) downgraded to Hold from Buy at Sandler O'Neill... QIWI (QIWI) downgraded to Market Perform from Outperform at William Blair... STORE Capital (STOR) downgraded to Neutral from Buy at Ladenburg... Spark Energy (SPKE) downgraded to Neutral from Outperform at Baird... Stone Energy (SGY) downgraded to In-Line from Outperform at Imperial Capital... SunEdison Semiconductor (SEMI) downgraded to Sell from Neutral at Goldman... Teradyne (TER) downgraded to Neutral from Buy at Goldman... Texas Instruments (TXN) downgraded to Sell from Neutral at Goldman... UBS (UBS) downgraded to Sector Perform from Outperform at RBC Capital... Whiting Petroleum (WLL) downgraded on oil price outlook at Stifel... Xcel Energy (XEL) downgraded to Sell from Neutral at UBS... Xilinx (XLNX) downgraded to Buy from Conviction Buy at Goldman... Yahoo (YHOO) downgraded to Hold from Buy at Axiom.
|February 2, 2016|
|18:05 EDT||TXN||Texas Instruments downgraded to Sell from Neutral at Goldman|
Goldman downgraded Texas Instruments to Sell from Neutral with a $47 price target, with the firm noting it would wait for a better entry point as shares currently trade at a premium to both semiconductor stocks and large cap technology stocks.