1 Top Tech Stock to Buy in October
Texas Instruments (NASDAQ: TXN) is best known for analog and embedded chips that go into everything from factory equipment and cars to medical devices and power systems. After a choppy stretch for its semiconductors, the Dallas-based manufacturer has begun to show clearer momentum this year while keeping its focus on long-term cash generation and consistent shareholder payouts. That combination -- improving fundamentals and dependable capital returns -- puts the shares back on my buy list for October.
It also helps that the company just sweetened its income story. In mid-September, Texas Instruments lifted its quarterly dividend by 4% to $1.42 per share, marking 22 consecutive years of increases. Trading at about $183 as of this writing, that works out to a dividend yield a touch above 3%. For a high-quality chipmaker with wide end-market exposure, that's compelling.
Source Fool.com
