What's Going On With Texas Instruments Shares Today?
Portfolio Pulse from Nabaparna Bhattacharya
Texas Instruments Incorporated (NASDAQ:TXN) reported Q1 revenue of $3.66 billion, surpassing the consensus estimate of $3.611 billion, despite a decrease in quarterly gross and operating profit and a 16% year-over-year revenue decline. The company anticipates Q2 revenue between $3.65 billion and $3.95 billion, with earnings per share of $1.05 to $1.25. TXN shares rose 7.12% in premarket trading. Exposure to TXN can also be gained through First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) and FT Vest Technology Dividend Target Income ETF (BATS:TDVI).
April 24, 2024 | 12:34 pm
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POSITIVE IMPACT
Texas Instruments reported higher than expected Q1 revenue but saw decreases in gross and operating profit. Shares rose 7.12% in premarket trading.
The positive premarket stock movement is likely due to the revenue beat, despite the year-over-year declines in profit and revenue. The guidance for Q2 also suggests a stable outlook, contributing to investor optimism.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Texas Instruments through the First Trust NASDAQ Technology Dividend Index Fund, which may see indirect impact from TXN's performance.
As an ETF that includes TXN, TDIV may see some indirect impact from Texas Instruments' financial performance, though the effect is diluted across the fund's diversified portfolio.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
FT Vest Technology Dividend Target Income ETF offers another avenue for investment in Texas Instruments, potentially impacted by TXN's recent performance.
Similar to TDIV, TDVI's performance may be indirectly affected by TXN's earnings report and stock price movement, given its inclusion in the ETF's holdings.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50