Texas instruments configuration let us anticipate a rebound.
The company’s fundamentals are strong as highlighted by its Surperformance ratings. According to analysts, sales and profitability should progress in the coming years. Thus, 2015 net margin is expected to reach 21%, +19% compared to 2013 one. Moreover, the company has improved its financial situation as debt as been largely, reducing its leverage to nearly zero. Furthermore, as shown by its upward revisions for EPS estimations and more recently on revenue previsions, the company is in a good momentum.
Texas Instruments is in an uptrend in the medium and long term, although, prices are evolving in a trading range, between USD 45 and USD 48.50 since March 2014. The last bearish movement has thrown it back near a major support level. This area represents an interesting level as the share price could rebound towards the top of its trading range.
Therefore, active investors could take a long position at the current price and aim at the USD 48.50. A stop-loss will be placed under the support level in case of a more important correction movement.
Texas Instruments Incorporated specializes in the design, manufacturing and marketing of semiconductors. Net sales break down by family of products as follows:
- analog circuits (74.4%): operational amplifiers, audio amplifiers, interface circuits, data converters, power management circuits, logic integrated circuits, etc.;
- processors (19.2%): microprocessors, digital signal processors, microcontrollers, etc. for telecom applications (telephones and cellular infrastructures), and automobiles;
- other (6.4%): primarily graphic calculators et wireless connectivity products.
Net sales are distributed geographically as follows: the United States (33.2%), Europe/Middle East/Africa (26.5%), China (18.8%), Japan (10.2%), Asia (9.8%) and other (1.5%).
TEXAS INSTRUMENTS INCORPORATED 
