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Is Texas Instruments Stock a Buy Now?

TheMotleyFool

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Is Texas Instruments Stock a Buy Now?: https://g.foolcdn.com/editorial/images/741420/wafer-chips.jpg

Texas Instruments' (NASDAQ: TXN) stock price sank 5% on July 26 after the diversified chipmaker posted its second-quarter earnings report. Its revenue declined 13% year over year to $4.53 billion and beat analysts' expectations by $160 million. Its EPS dropped 24% to $1.87 but still exceeded the consensus forecast by $0.10 per share.

TI's headline numbers cleared Wall Street's low bar, but the bulls weren't impressed. Let's dig deeper and see if that post-earnings dip represents a good buying opportunity for long-term investors.

Image source: Getty Images.

Source Fool.com