Is Texas Instruments Stock a Buy Now?
Texas Instruments (NASDAQ: TXN) posted its first-quarter earnings report on April 26. The chipmaker's revenue rose 14% year over year to $4.91 billion, which beat analysts' estimates by $180 million. Its net income increased 26% to $2.20 billion, or $2.35 per share, which also cleared analysts' expectations by $0.18.
That earnings report was solid, but it barely moved Texas Instruments' (TI) stock, which remains down roughly 7% since the beginning of the year. Should patient investors buy this blue-chip tech stock as the bulls turn away?
Image source: Getty Images.
Source Fool.com
