Is Texas Instruments Stock a Buy?
Texas Instruments (NASDAQ: TXN) has been around since 1930, so its business has been time-tested through many industry cycles and economic downturns. This time, it's the pandemic that's cutting into its results -- both revenue and operating profit were down year over year in the second quarter. However, there are several reasons why this is one of the best tech stocks to own for the long haul.
The semiconductor veteran sells analog and embedded processors for a variety of uses. Industrial and automotive applications, including factory automation and infotainment systems in cars, are its largest markets, comprising more than half of the business. Chips that go into personal electronics like mobile phones and tablets account for 23% of its revenue.
Image source: Getty Images.
Source Fool.com
