Texas Instruments (TXN) Posts Strong Q3 And Higher Outlook, Is It Still Below Fair Value?

Texas Instruments (TXN) just posted third quarter results that caught investors’ attention, with revenue of US$6.06b and earnings per share of US$2.62, and followed up with higher fourth quarter guidance. Texas Instruments’ strong quarter has arrived after a powerful run in the stock, with the share price up 60.35% year to date and supported by a 71.06% 1-year total shareholder return. The more modest 5.09% 1-month share price return suggests momentum is still positive but less explosive than...