Investing

Texas Instrument Buy-Back Moves Shares Up

Texas Intruments (TXN) announced this morning that it would add $5 billion to a share buy-back program and would raise its dividend 25%. Shares are up 2% to $36.50. The company currently has a market cap of just over $50 billion.

The company issued very modest guidance for the current quarter and investors have been concerned that the second half of the year might be slow for the company.

Douglas A. McIntyre

Find a Qualified Financial Advisor (Sponsor)

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.