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TI reports first quarter 2021 financial results and shareholder returns

TI reports first quarter 2021 financial results and shareholder returns Conference call on TI website at 3:30 p.m. Central time today www.ti.com/ir Share this article Share this article DALLAS, April 27, 2021 /PRNewswire/ Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported first quarter revenue of $4.29 billion, net income of $1.75 billion and earnings per share of $1.87. Earnings per share included a 2-cent net benefit for items that were not in the company s original guidance. Regarding the company s performance and returns to shareholders, Rich Templeton, TI s chairman, president and CEO, made the following comments: Revenue increased 5% sequentially. In addition, revenue increased 29% from the same quarter a year ago due to strong demand in industrial, automotive and personal electronics.

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Lumen Technologies (NYSE:LUMN) are worth a look. Here s why. A master at balancing technology development with shareholder returns Nicholas Rossolillo (Texas Instruments): This semiconductor leader has been an incredible dividend stock for a long time now. In fact, if you re a fan of companies that return excess cash to its shareholders, Texas Instruments should be a high priority for you to research. Prominently displayed on its investor relations home page is a statement by CEO Rich Templeton: The best measure to judge a company s performance over time is growth of free cash flow per share, and we believe that s what drives long-term value for our owners. Free cash flow is what s left over after cash operating expenses (including research and development) and capital expenditures (like property and equipment) are paid for. TI has excelled at generating growth in this metric. It s averaged 11%-a-year growth in this department since 2004, and has been dedicated to returning all

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