Texas Instruments: Q4 Impacted By Inventory Corrections


  • Texas Instruments Incorporated reported solid quarterly results which reflected the anticipated slowdown in growth as a result of inventory corrections.
  • The share price dropped on the following trading day, as the outlook was slightly lower than analysts’ expectations.
  • Texas instruments continues to show impressive cash generation capabilities and returns large amounts of cash to shareholders through an increasing dividend and share repurchases.
  • I continue to believe that Texas Instruments is a good long-term investment, but the current valuation does not leave much room for upside potential.
  • I calculate a fair Texas Instruments Incorporated share price of $187 based on FY24 EPS expectations and believe it is better to wait out for now.

Flag of USA on a processor, CPU Central processing Unit or GPU microchip on a motherboard. US firms have become the latest collateral damage in US-China tech war. US blocks sales of AI chips to China.

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On January 24, 2022, Texas Instruments Incorporated (NASDAQ:TXN) (“TI”) released its 4Q22 and FY22 results and managed to beat both top and bottom-line estimates by analysts. Despite the beat, the TXN share price fell

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Texas Instruments dividend history

Texas Instruments dividend history (Texas Instruments)

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Texas Instruments dividend grades (Seeking Alpha)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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