2024
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 TXN: A step in the right direction although margins will remain weak. (April 24, 2024)
TXN: FCF-per-share growth may be on hiatus for a few years. (January 24, 2024)
ON, STM, IFX.DE, TXN: Downgrading ON as widespread decline in automotive looks imminent. (January 4, 2024)
2023
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TXN: Strategy shift amidst top line and margin pressure points to continued slump in demand. (October 25, 2023)
TXN: Margins stuck between a rock and a hard place. (July 26, 2023)
TXN: Steep rise in inventory a cause for concern for 2H23. (April 26, 2023)
TXN: De-acceleration in all business segments with more to come in 2023. (January 25, 2023)
2022
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TXN: Retail last quarter, Industrial in 4Q, Automotive in 2023. (October 26, 2022)
TXN: Upside on China COVID rebound but first signs of recession are evident. (July 27, 2022)
TXN: Risk of new capacity arriving in the face of rapidly slowing demand has increased. (April 27, 2022)
 TXN: Poor demand visibility on the precipice of higher interest rates suggests caution. (January 26, 2022)
TXN: Semi stocks warrant caution in 2022. (January 25, 2022)
2021
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TXN: Depletion of finished goods inventory undercutting revenue growth. (October 27, 2021)
TXN: Record year but limited upside. (July 22, 2021)
TXN: Capacity constraints likely to limit upside in 2021. (April 28, 2021)
TXN: Automotive sector can’t catch a break. (March 23, 2021)
TXN: Semi cycle accelerating, COVID fading. (January 27, 2021)
2020
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TXN: COVID recession fears doused by results. (October 21, 2020)
TXN: COVID risk largely past, expect outperformance through 2020. (July 22, 2020)
TXN: Planning for the worst but ready for the rebound. (April 22, 2020)
TXN: Coronavirus: Large and pervasive negative impact on demand. Reiterate Market Perform. (February 18, 2020)
TXN: Results were better but not great and likely to continue weak. (January 23, 2020)
2019
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TXN: Demand trends suggest macroeconomic weakness. Downgrade to Market Perform. (October 23, 2019)
TXN: Rebound after bottom in September period. Upgrade to Buy. (July 24, 2019)
TXN: Absent a reset with China, expect doldrums to continue. (CORRECTED REPORT) Maintain Market Perform. (April 29, 2019)
TXN: Absent a reset with China, expect doldrums to continue. Maintain Market Perform. (April 24, 2019)
TXN: Slowdown likely to be longer and more widespread than expected. Maintain Market Perform. (January 24, 2019)
2018
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TXN: Smells like lower GDP growth. Downgrade to Market Perform. (October 24, 2018)
TXN: Trade war? What trade war? Reiterate BUY. (July 25, 2018)
TXN: New CEO out, Templeton returns, and upside preannouncement. Reiterate BUY. (July 17, 2018)
TXN: Solid growth in revenue and free cash point to higher cash returns. Reiterate BUY. (April 25, 2018)
TXN: Outsized impact from tax reform over the next two years. Reiterate BUY. (January 24, 2018)
2017
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TXN: Continued strong fundamentals, but it all turns on tax reform until EOY ‘17. Reiterate BUY. (October 25, 2017)
TXN: Expect steadily improving results into 2018. Reiterate BUY. (July 26, 2017)
TXN: Upside potential of stronger demand and lower taxes favor TXN in 2017. Reiterate BUY. (April 26, 2017)
TXN: Last year proved stronger-than-expected, 2017 looks even better. Reiterate BUY. (January 25, 2017)
2016
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TXN: Expect consistently better returns even without stellar revenue growth. Reiterate BUY. (October 27, 2016)
TXN: Good growth now should be boosted by tailwind at Apple in 2H16. Reiterate BUY. (July 26, 2016)
TXN: Revenue growth and margin expansion should improve further in 2H16. Reiterate BUY. (April 27, 2016)
TXN: Improved mix, lower costs and deprecation should drive EPS, even with flat revenue. Reiterate BUY. (January 27, 2016)
2015
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TXN: More strength, less weakness, signs of improvement again in 4Q15. Upgrade to BUY. (October 22, 2015)
TXN: General weakness with spots of strength with more of the same in 2H15. Maintain Market Perform. (July 23, 2015)
TXN: Weakness is likely to persist for at least a quarter. Maintain Market Perform. (April 24, 2015)
TXN: Weak industrial activity likely to slow top-line growth. Maintain Market Perform. (January 26, 2015)
2014
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TXN: Leading indicators suggest caution in 4Q. Maintain Market Perform. (October 20, 2014)
TXN: Preview: Weak industrial activity likely to slow top-line growth. Downgraded to Market Perform. (October 17, 2014)
TXN: Expect steady growth in margins and cash flows through 2014. Maintain BUY rating. (July 21, 2014) TXN: Mix shift improves faster than expected with more gains slated for 2H14. Upgrade to BUY rating. (April 24, 2014) TXN: Product mix and taxes don’t favor TXN near-term. Downgrade to Market Perform. (January 21, 2014) TXN: Preview: Economic recovery bodes well for TXN. Maintain BUY rating. (January 17, 2014)
2013
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TXN: Tightening the range but no change in midpoints of guidance. Maintain BUY rating. (December 9, 2013) TXN: Cash flow up even as drag of legacy wireless exceeds growth in other segments. Maintain BUY rating. (October 21, 2013) TXN: Preview: A modest economic recovery favors TXN as factories fill up. Maintain BUY rating. (October 17, 2013) TXN: Modest rebound in core segments leverage to big gains in margins and EPS. Upgrade to BUY rating. (July 22, 2013) TXN: Preview: High stock price means high expectations for economic growth. Maintain Market Perform. (July 19, 2013) TXN: Slow steady growth may not be enough to sustain TXN’s multiple. Maintain Market Perform. (June 11, 2013) TXN: March report may not be enough to drive TXN higher. Maintain Market Perform. (April 22, 2013) TXN: Preview: Upside may already be priced into the stock. Maintain Market Perform. (April 19, 2013) TXN: Signs of life in Industrial, but optimism is already in the stock. Maintain Market Perform. (March 7, 2013) TXN: Too early to call a broad-based Semi recovery, proceed with caution. Maintain Market Perform. (January 22, 2013) TXN: Preview: TXN looks expensive heading into earnings. Maintain Market Perform. (January 21, 2013)
2012
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TXN: TXN isn’t likely to outperform without a rebound in the economy. Maintain Market Perform. (November 5, 2012) TXN: Demand is unlikely to bottom near-term. Maintain Market Perform. (October 22, 2012) TXN: Preview: Mobile and economy will create volatility near-term. Maintain Market Perform. (October 19, 2012) TXN: Recovery is a 2013 story. Maintain Market Perform. (September 11, 2012) TXN: The bottoming process continues. Maintain Market Perform. (July 23, 2012) TXN: Preview: In-line quarter will likely have little impact on TXN. Maintain Market Perform. (July 20, 2012) TXN: Strength outside of Wireless, but visibility remains murky. Maintain Market Perform. (June 11, 2012) TXN: Sales stabilize, but big growth may take time. Maintain Market Perform. (April 23, 2012) TXN: Preview: Wireless weak, catalog products forming a bottom. Maintain Market Perform. (April 20, 2012) TXN: The bottom proves elusive. Maintain Market Perform. (March 8, 2012) TXN: Bottom forming, but pace of recovery is unknown. Maintain Market Perform. (January 23, 2012) TXN: Preview: Signs of demand returning, but not out of the woods yet. Maintain Market Perform. (January 20, 2012)
2011
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TXN: Economic impact greater than expected; capacity overhang weighs on GM. Maintain Market Perform. (December 12, 2011) TXN: Economy will clip results for several quarters. Maintain Market Perform. (October 25, 2011) TXN: Preview: Macro headwinds impacting breadth of products. Maintain Market Perform. (October 21, 2011) TXN: Weight of economy a drag on all channels; a warning sign for 2H11. Maintain Market Perform. (September 12, 2011) TXN: Japan, Nokia, and weak U.S. economy will pressure results in 3Q. Maintain Market Perform. (July 26, 2011) TXN: Preview: Prospects for upside are dim now, better in 2H11. Maintain Market Perform. (July 25, 2011) TXN: Good core demand will be obscured by Japan and Nokia. Maintain Market Perform. (April 19, 2011) TXN: Preview: NSM long-term positive but near-term weakness persists. Maintain Market Perform. (April 15, 2011) TXN: No surprises, yet. Narrowed range with more end markets weak than strong. Maintain Market Perform. (March 8, 2011) TXN: A soft spot in demand will likely give the stock a breather. Maintain Market Perform. (January 24, 2011) TXN: Preview: Well positioned for 2011 but expect a breather in 1H11. Maintain Market Perform. (January 21 , 2011)
2010
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TXN: Slowing growth as industrial recovery peaks and PCs languish. Maintain Market Perform. (October 25, 2010) TXN: Preview: Focus on lead times and share shift. Maintain Market Perform (October 22, 2010) TXN: Excellent growth, strong fundamentals & unrealistic expectations in a pessimistic market. Downgrade to Market Perform. (July 19, 2010) TXN: Preview: Beat, Raise, Languish. Maintain BUY rating. (July 16, 2010) TXN: No sign of global turmoil as rebound continues. Maintain BUY rating. (June 8, 2010) TXN: Expect several more quarters of revenue and EPS growth. Maintain BUY rating. (April 27, 2010) TXN: Preview: Cyclical concerns are still too soon. Maintain BUY rating. (April 8, 2010) TXN: Range tightened to high end of guidance as strong demand continues. Maintain BUY rating. (March 9, 2010) TXN: Recovery remains in early stages with upside throughout 2010. (January 25, 2010) TXN: Preview: Pushing into Mobile to grab greater share of BoM. (January 12, 2010)
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