Can Texas Instruments Mid-Quarter Update Rescue Chip Stocks? (TXN)

By Douglas A. McIntyre Published Mar 8, 9:07AM EST

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Texas Instruments Inc. (NYSE: TXN) is set to report its mid-quarter update on Monday. What is expected to be a short press release will come after the close. The chip giant issued guidance with last quarter’s earnings as follows:

Total TI revenues of $3.27 billion to $3.55 billion;
Semiconductor revenues $3.20 billion to $3.46 billion;
Education Tech revenues, $70 million to $90 million.
EPS in the range of $0.43 to $0.49.

On last look, First Call showed estimates of $0.46 EPS on $3.4 Billion in revenues. If you use options trading for an indicator, the current month contract did get a bit more active on Friday and it appears that options are pricing in a move of $0.55 to $0.80 in either direction.

The company did just give an update last week at a Morgan Stanley conference so conventional wisdom would at least lend credence to the company not announcing the world become much uglier in the last few days.

Shares closed up marginally Friday at $29.30, and shares are at the bottom of a trading range of $28.00 to $39.63 seen over the last 52-weeks.

Jon C. Ogg
March 8, 2008

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.