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Texas Instruments Trades Lower Amidst Supply Chain Worries -Breaking

by Mike Robinson

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© Reuters.

By Daniel Shvartsman

Investing.com — Texas Instruments Incorporated (NASDAQ:) sold off 6% in early Wednesday trading as markets appear disappointed with the company’s sales numbers and concerned over the outlook.

This company reported a share price of $2.07, which was slightly higher than the estimates of $2.05 and revenue of $4.64B, compared to $4.66B. Alarmingly, Q4 guidance was more alarming. It had revenue ranges of $4.22B- $4.58B with a middle point of $4.4B, in contrast to expectations of $4.45B.

Texas Instruments, a major analog semiconductor manufacturer, is an important part of the late-pandemic supply chain. This company was interviewed about its earnings callIt is about being prepared for customers to build more and to prioritize expedited orders from customers as a result of shortages elsewhere.

In-house production is a key component of the company’s control of the supply chain. They plan to grow from their current production of 80% and increase it in the future. This could result in significant capex.

Even with the selling, shares have risen 25% over the past year and the dividend was increased 13% in Q4. On Friday this week, the company will be ex-dividend.

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