Overview

* Texas Instruments ( TXN ) Q3 revenue grows 14% yr/yr, beating analyst expectations

* Net income for Q3 remains stable at $1.36 bln

* Company forecasts Q4 revenue and EPS

Outlook

* Texas Instruments ( TXN ) expects Q4 revenue between $4.22 bln and $4.58 bln

* Company forecasts Q4 EPS between $1.13 and $1.39

Result Drivers

* REVENUE GROWTH - Revenue increased 14% yr/yr with growth across all end markets

* CASH FLOW STRENGTH - Strong cash flow from operations of $6.9 bln over the trailing 12 months, highlighting 300mm production benefits

* INVESTMENTS AND RETURNS - Significant investments in R&D, SG&A, and capital expenditures, with $6.6 bln returned to owners

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $4.74 $4.64

Revenue bln bln (31

Analysts

)

Q3 EPS $1.48

Q3 Net $1.36

Income bln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy", 19 "hold" and 6 "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy."

* Wall Street's median 12-month price target for Texas Instruments Inc ( TXN ) is $195.00, about 7.9% above its October 20 closing price of $179.59

* The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)