As far as technology goes, Texas Instruments (NASDAQ: TXN) certainly isn't the most exciting name out there. The sprawling chip maker supplies all sorts of industries -- from automakers to telecommunications to consumer electronics -- with all sorts of silicon solutions. One of the oldest and most diversified names in the semiconductor business, growth isn't the name of the game here.
However, that doesn't mean investors should call this technologist a pass. While ebbs and flows are normal in the chip industry, TI is a stalwart -- and dedicated to keeping the cash spigot open for shareholders.
There has been no shortage of innovation in the world of semiconductors in the last few years. Cloud computing, artificial intelligence, and new uses for connectivity spurred on by the "Internet of Things" have all kept demand running high -- but Texas Instruments is rarely in the limelight as far as that innovation goes. And as far as headline numbers are concerned, revenue at TI has been unimpressive. Over the last trailing five year stretch, total sales are up a modest 19%. That's including a 3% slide over the last trailing 12-months through the second quarter of 2019 as TI and its peers work through a cyclical downturn in global chip demand.
Source Fool.com