Is Texas Instruments Stock a Buy?
Semiconductors are by no means new technology, but even though they are a near-omnipresent part of life today, it's still a growth industry. If all-out innovation and growth within chips is what you're looking for, Texas Instruments (NASDAQ: TXN) isn't the right stock. However, this old stalwart still has plenty to offer, especially if striking a balance between growth and investment income is the name of your game.
A lot has changed in a matter of months. More than just a health and economic catastrophe, COVID-19 is creating a "new normal." Whatever that may look like after the dust settles is anyone's guess, but one early trend is emerging: Digital-based business is here to stay.
That bodes well for Texas Instruments (TI) and the rest of the industry. As the basic building blocks for all things tech, semiconductor companies haven't had the wind taken out of their sails by uncertain economic times. If anything, many of them have gotten a boost in demand. Fellow chip giant Broadcom said on its latest earnings call that it was having a hard time keeping up with orders in some segments of its business.
Source Fool.com
