On October 2, Texas Instruments rose 3.09% in pre-market trading, trading at $290.00 USD/share, with turnover of $9.66 million. The gain came amid a broad rally across the semiconductor sector, with peers Intel up 3.27%, Advanced Micro Devices up 2.95%, NVIDIA up 2.21%, Broadcom up 1.91%, and Micron Technology up 1.17%.
On the same day, TI announced an expansion of its support for the open-source Zephyr RTOS project across its MCU, MPU, and wireless semiconductor product lines, aiming to streamline development workflows for industrial and automotive applications. The company also recently raised its quarterly dividend by 7% to $1.52 per share from $1.42, payable November 10. Meanwhile, its proposed acquisition of Silicon Laboratories received clearance from Singapore's competition regulator.
Texas Instruments is scheduled to report Q3 earnings on October 21 after market close, with analysts expecting EPS of $2.39. The company delivered a strong Q2, with revenue of $5.46 billion (up 23% year-over-year) and EPS of $2.14, both exceeding consensus estimates.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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