Stock Monitor: FormFactor Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 08, 2018 / If you want access to our free earnings report on Texas Instruments Inc. (NASDAQ: TXN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TXN. The Company posted its financial results on April 24, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Dallas-based technology Company's revenues and earnings exceeded analysts' estimates for the reported quarter. In addition, the Company provided guidance for Q2 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for FormFactor, Inc. (NASDAQ: FORM), which also belongs to the Technology sector as the Company Texas Instruments. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=FORM

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Texas Instruments most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=TXN

Earnings Highlights and Summary

Texas Instruments' revenues grew by 11% to $3.79 billion in Q1 FY18 compared to $3.40 billion in Q1 FY17, surpassing market expectations of $3.65 billion, primarily due to an increase in demand for analog and embedded processing products in the auto and industrial markets.

During Q1 FY18, the Company's operating profit grew 24% to $1.55 billion compared to $1.25 billion in year ago same quarter. The Company's net income grew 37% to $1.37 billion in Q1 FY18 versus $997 million in Q1 FY17.

The Company's reported earnings per share (EPS) increased 39% to $1.35 in Q1 FY18 compared to $0.97 in the year ago corresponding quarter, outperforming market projections of $1.21.

Segment Details

Texas Instruments operates mainly through two segments, namely (i) Analog and (ii) Embedded Processing. The Company's remaining business activities are considered under the Other segment.

Texas Instruments' Analog segment, consisting of Power, Signal Chain, and High Volume products, generated revenues of $2.56 billion in Q1 FY18, up 14% versus $2.26 billion in the year ago comparable quarter; primarily due to the strong performance in the product lines of Power and Signal Chain. During Q1 FY18, the segment yielded an operating profit of $1.17 billion compared to $935 million in Q1 FY17.

The Company's Embedded Processing segment includes Connected Microcontrollers and Processors product lines. During Q1 FY18, the segment's total revenues grew 15% to $926 million versus $803 million in the year ago same quarter, driven by an increase in the sales of Processors and Connected Microcontrollers products. The segment's operating profit was $328 million in Q1 FY18 compared to $240 million in Q1 FY17.

The Company's Other segment includes DLP products, calculators, and custom ASIC products. The segment's total revenues decreased to $297 million in Q1 FY18 versus $343 million in the year ago comparable quarter. The segment's operating profit was $54 million in the reported quarter compared to $77 million in Q1 FY17.

Cash Matters

As of March 31, 2018, Texas Instruments' cash and cash equivalents balance stood at $1.72 billion compared to $1.07 billion as of March 31, 2017.

Texas Instruments had a long-term debt balance of $3.58 billion as of March 31, 2018, versus $2.98 billion as of March 31, 2017.

The Company's net cash from operating activities increased to $1.11 billion in Q1 FY18 compared to $795 million in Q1 FY17.

During Q1 FY18, the Company repurchased 8.2 million shares for a total of $873 million.

Outlook

For Q2 FY18, Texas Instruments targets total revenues to be in the range of $3.78 billion to $4.10 billion. In addition, the Company anticipates EPS to be in the band of $1.19 and $1.39 for the second quarter of 2018.

Stock Performance Snapshot

May 07, 2018 - At Monday's closing bell, Texas Instruments' stock slightly declined 0.17%, ending the trading session at $104.51.

Volume traded for the day: 4.10 million shares.

Stock performance in the last month ? up 5.08%; previous three-month period ? up 0.29%; past twelve-month period ? up 31.24%; and year-to-date ? up 0.07%

After yesterday's close, Texas Instruments' market cap was at $102.73 billion.

Price to Earnings (P/E) ratio was at 25.82.

The stock has a dividend yield of 2.37%.

The stock is part of the Technology sector, categorized under the Semiconductor - Broad Line industry. This sector was up 0.6% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors