This chipmaker continues to shine

Article Excerpt

Re-opening of the global economy in the wake of 2020 COVID-19 lockdowns spurred strong demand for a wide range of manufactured goods, notably automobiles and consumer electronics. That rebound helped the shares of Texas Instruments double since dropping to $93 with the onset of the pandemic. The chipmaker is poised to keep moving higher as current supply-chain problems ease. As well, the company’s strong focus on efficiency will continue to lift its earnings and give it more cash to keep raising your dividend. TEXAS INSTRUMENTS INC. $186 is a buy. The company (Nasdaq symbol TXN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 923.5 million; Market cap: $171.8 billion; Price-to-sales ratio: 10.4; Dividend yield: 2.5%; TSINetwork Rating: Average; www.ti.com) continues to benefit from its decision to quit making chips for cellphones and its September 2011 purchase of analog chip maker National Semiconductor Corp. It’s now a top maker of analog chips, which convert inputs like touch, sound and pressure into electronic signals that computers can…