Premium Essay

Texas Instruments: Txn

In: Business and Management

Submitted By ggtswifey
Words 5487
Pages 22
TEXAS INSTRUMENTS: TXN

Texas Instruments: TXN
Northeastern State University

Table of Contents:

Section I: Company History and Environment A.) Company Profile 3 References 8

Section II: Income Statement and Balance Sheet Analysis A.) Common Size Analysis (B.S. and I.S.) 10 B.) Identification & Explanation of Trends 11 References 12

Section III: Ratio Analysis A.) Ratio Profile 13 References 14 B.) Ratio Table for TXN and Peers 15 C.) Ratio Trends and Comparisons 16

Section IV: Valuation A.) Reformulated Balance Sheet 18 B.) Market Value of TXN Stock (ROPI) 19 C.) Spreadsheet Calculations 20 D.) Assumptions 21 E.) Estimate Price to Forecast Price 22

Section V: Summary and Conclusion A.) Summary 23 B.) Company Financial Appearance 24 References 25

Texas Instruments: TXN

) Company History and Environment

Company History:

Texas Instruments (TI) is a designer and manufacturer of microcontroller semiconductors and two forms of signal processing, analog and digital. It all began when Eugene McDermott, John Erik Jonsson, Patrick Eugene Haggerty, and Cecil H Green founded Texas Instruments in 1930. The company was originally named Geophysical Science, GSI, later it was changed to Coronado Corporation in 1939 before it was finally named Texas Instruments Incorporated in 1951 (History of Innovation).

The founders of Texas Instruments originally created their brand of semiconductors in search for new sources of petroleum. At the time this was a risky move for the four men, most of who left careers at other petroleum industries in search for new opportunities with the purpose of relying on a new form of technology (History of Innovation). Their ideas also helped inspire and create their first commercial product in

Similar Documents

Premium Essay

Market Analysis

...Market Competitive Analysis of Texas Instruments Incorporated Richard Horner, Jaclyn Lampton, Renae' Harrison, and Lizbeth Parra ECO/365 September 9, 2013 Prof. Hank Lewis Market Competitive Analysis Businesses across the world experience the pressures of constant evolving technological changes in their industry. The recent economic recession forced many businesses to close. The businesses that survived technological advances, and economic hardship researched the market to develop sustainable marketing strategies. One company managing to stay afloat is Texas Instruments. The organization managed to revolutionize its industry, and its market research enables it to develop competitive products that consumers buy. Consumers across the world prefer companies that offer high quality products and services in a responsible manner at an affordable price. Texas Instruments invests time and money researching consumer behavior to discover what consumers want, and compares this data with other companies to remain competitive. The organization focuses mostly on technological advances and research. The following discussion details an analysis of the current market conditions for the development of a new product by Texas Instruments. History Texas Instruments is best known for its calculators, most people use these calculators in school. The company, established in Dallas, Texas, has 80 years vested in its industry. The organization experienced technological advances including...

Words: 1632 - Pages: 7

Premium Essay

Circuits Quiz

...SN5410, SN54LS10, SN54S10, SN7410, SN74LS10, SN74S10 TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035A – DECEMBER 1983 – REVISED APRIL 2003 PRODUCTION DATA information is current as of publication date. Products conform to specifications per the terms of Texas Instruments standard warranty. Production processing does not necessarily include testing of all parameters. Copyright  2003, Texas Instruments Incorporated POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 1 SN5410, SN54LS10, SN54S10, SN7410, SN74LS10, SN74S10 TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035A – DECEMBER 1983 – REVISED APRIL 2003 2 POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 SN5410, SN7410, TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035 – DECEMBER 1983 – REVISED MARCH 1988 POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 3 SN54LS10, SN74LS10, TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035 – DECEMBER 1983 – REVISED MARCH 1988 4 POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 SN54S10, SN74S10, TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035 – DECEMBER 1983 – REVISED MARCH 1988 POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 5 MECHANICAL DATA MCFP002A – JANUARY 1995 – REVISED FEBRUARY 2002 W (R-GDFP-F14) CERAMIC DUAL FLATPACK Base and Seating Plane 0.045 (1,14) 0.026 (0,66) 0.260 (6,60) 0.235 (5,97) 0.080 (2,03) 0.045 (1,14) 0.008 (0,20) 0.004 (0,10) 0.280 (7,11) MAX 1 14 0.019 (0,48) 0.015 (0,38) 0.050 (1,27) 0.390 (9,91) 0.335 (8,51) 0.005...

Words: 1104 - Pages: 5

Free Essay

Acounting Sucks Need Help Please Help

...About 50,300,000 results (0.22 seconds) Sponsored Shop for accounting calculator on Google Texas Instruments B... $34.99 Staples HP 10bII+ Financial Cal... $29.99 HP Direct Texas Instruments B... $39.99 toysrus.com Texas Instruments B... $42.14 Walmart Hewlett‑Pack... 12C Financia... $85.99 Overstock.... Shop by brand:HP Texas Instruments Search Results Online Accounting Calculator - Equations, Formulas, and Ratios www.a-systems.net/calculator/10+ items – Accounting Calculator. Calculate accounting ratios and ... Name Equation Asset Turnover Net Sales / Total Assets Average Collection Period Accounts Receivable / (Annual Credit Sales / 365) Net Profit, Net Income, Income - Gross Profit Margin - Receivables Turnover Ratio Accounting Calculator - Android Apps on Google Play https://play.google.com/store/apps/details?id=jp.gr...hl... 69 votes - Free - Android Aug 27, 2012 – This application is an accounting calculator with many functions. *Calculating due to 12 figures *Digit grouping separators *Four arithmetic ... Images for accounting calculator - Report images Accounting - TCalc online financial calculators - TimeValue Software tcalc.timevalue.com/accounting.aspxSuite of financial calculators for the CPA industry. Add these calculators to your existing cpa accounting website. Free accounting online line calculator calculator.utilstudio.com/Free accounting online line calculator. ... Free accounting online line calculator...

Words: 519 - Pages: 3

Premium Essay

Hansson Private

...BA II PLUS™ PROFESSIONAL Calculator Important Information Texas Instruments makes no warranty, either express or implied, including but not limited to any implied warranties of merchantability and fitness for a particular purpose, regarding any programs or book materials and makes such materials available solely on an “as-is” basis. In no event shall Texas Instruments be liable to anyone for special, collateral, incidental, or consequential damages in connection with or arising out of the purchase or use of these materials, and the sole and exclusive liability of Texas Instruments, regardless of the form of action, shall not exceed the purchase price of this product. Moreover, Texas Instruments shall not be liable for any claim of any kind whatsoever against the use of these materials by any other party. USA FCC Information Concerning Radio Frequency Interference This equipment has been tested and found to comply with the limits for a Class B digital device, pursuant to Part 15 of the FCC rules. These limits are designed to provide reasonable protection against harmful interference in a residential installation. This equipment generates, uses, and can radiate radio frequency energy and, if not installed and used in accordance with the instructions, may cause harmful interference to radio communications. However, there is no guarantee that interference will not occur in a particular installation. If this equipment does cause harmful interference to radio or television...

Words: 2287 - Pages: 10

Premium Essay

Sads

...BA II PLUS™ Calculator Important Information Texas Instruments makes no warranty, either express or implied, including but not limited to any implied warranties of merchantability and fitness for a particular purpose, regarding any programs or book materials and makes such materials available solely on an "as-is" basis. In no event shall Texas Instruments be liable to anyone for special, collateral, incidental, or consequential damages in connection with or arising out of the purchase or use of these materials, and the sole and exclusive liability of Texas Instruments, regardless of the form of action, shall not exceed the purchase price of this product. Moreover, Texas Instruments shall not be liable for any claim of any kind whatsoever against the use of these materials by any other party. USA FCC Information Concerning Radio Frequency Interference This equipment has been tested and found to comply with the limits for a Class B digital device, pursuant to Part 15 of the FCC rules. These limits are designed to provide reasonable protection against harmful interference in a residential installation. This equipment generates, uses, and can radiate radio frequency energy and, if not installed and used in accordance with the instructions, may cause harmful interference to radio communications. However, there is no guarantee that interference will not occur in a particular installation. If this equipment does cause harmful interference to radio or television reception, which...

Words: 2277 - Pages: 10

Premium Essay

Computer

...SN5410, SN54LS10, SN54S10, SN7410, SN74LS10, SN74S10 TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035A – DECEMBER 1983 – REVISED APRIL 2003 PRODUCTION DATA information is current as of publication date. Products conform to specifications per the terms of Texas Instruments standard warranty. Production processing does not necessarily include testing of all parameters. Copyright  2003, Texas Instruments Incorporated POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 1 SN5410, SN54LS10, SN54S10, SN7410, SN74LS10, SN74S10 TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035A – DECEMBER 1983 – REVISED APRIL 2003 2 POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 SN5410, SN7410, TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035 – DECEMBER 1983 – REVISED MARCH 1988 POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 3 SN54LS10, SN74LS10, TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035 – DECEMBER 1983 – REVISED MARCH 1988 4 POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 SN54S10, SN74S10, TRIPLE 3-INPUT POSITIVE-NAND GATES SDLS035 – DECEMBER 1983 – REVISED MARCH 1988 POST OFFICE BOX 655303 • DALLAS, TEXAS 75265 5 MECHANICAL DATA MCFP002A – JANUARY 1995 – REVISED FEBRUARY 2002 W (R-GDFP-F14) CERAMIC DUAL FLATPACK Base and Seating Plane 0.045 (1,14) 0.026 (0,66) 0.260 (6,60) 0.235 (5,97) 0.080 (2,03) 0.045 (1,14) 0.008 (0,20) 0.004 (0,10) 0.280 (7,11) MAX 1 14 0.019 (0,48) 0.015 (0,38) 0.050 (1,27) 0.390 (9,91) 0.335 (8,51) 0.005...

Words: 1104 - Pages: 5

Free Essay

Research

...Omar : B) Companies which voluntarily used diversity to develop themselves (Texas Instrument) * Companies are acknowledging the importance of diversity and inclusion to grow and achieve sustainable competitive advantage. Currently, this is an imperative tool as corporations interact with different civilizations, suppliers and clients. Businesses that miss to acquire diversity might find themselves unable to maintain variety in customers, employees, and business partners. “ Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally” (Texas Instruments Inc., tpics.nytimes.com). Until December 2011, it has operated in more than 35 countries. TI is one of many companies that adopted diversification development. According to Texas Instrument’s Founder Cecil Green "Getting ahead depends not on working people, but on working with people." (C.Green, 2011 Corporate Citizenship Report, www.ti.com). In that spirit, managers pay close attention to the safety, health and well being of the workforce to inspire innovation. This approach is essential to the long-term success of the company and applies to employees of all races, ethnicities, ages, genders, religious beliefs and sexual orientation. Texas Instrument recruited, educated and trained a diversified workforce resulting in global understanding, increased creativity, increased productivity, stronger customer loyalty, and employee retention. Hence, it has reached...

Words: 259 - Pages: 2

Premium Essay

Lukman Corporation

...Case 3 Texas Instruments October 17, 2012 1. Texas Instruments has held their position in the marketplace for government agencies and educational research facilities. Texas Instruments has never marketed any of their products in the retail marketplace. Texas Instruments had extreme difficulty competing in the emerging laser printer market, because of their long-term business with fortune 500 companies and government owned agencies. 2. Texas Instruments used the pull strategy to lure new customers to buy their laser printers, while pricing their laser printers below two thirds of the competitors’ laser printers. In the end, there was not enough product differentiation of Texas Instrument’s laser printers to make an impact in the emerging laser printer market. 3. One solution to the problem is to sign contracts with an original equipment manufacturer company like Compaq computers. Another solution to this problem would be to spend more money on advertising campaigns and promotion to office supply retailers to make a real effort using the pull strategy. One more solution to this problem could be to scale down production on laser printers and/or trying to sell that division of the company. 4. These solutions will be judged by the following criterion: Cost to implement Acceptability to employees Acceptability to shareholders 5. By signing contracts with an original equipment manufacturer, Texas Instruments would not have their name on the products, but companies...

Words: 455 - Pages: 2

Free Essay

Goals

...years, I want to be working in the human resources department at Texas Instruments. I specifically want to be an HR Business Generalist because it is more closely tied to the business and business strategy at Texas Instruments than some of the other human resources jobs there are. This position seems like it would be a great fit for me because I am extremely interested in the business strategy of a company and how the people working for the company can directly influence how successful a business is. I want to be in Dallas, Texas at Texas Instruments’ main office where I can get the most enriching experience. However, after I have learned as much as I can at the Dallas office and when I am comfortable with my position, I want to move to the Houston office because Houston is where I grew up and it is where I want to raise a family. In five year, I want to be working in the human resources department at Texas Instruments. I want to start out in their Compensation position within the HR department. My major is in accounting and I like to work with numbers, so I believe the Compensation position would be a good starting point for me. I have also been advised that this position is a great HR position to begin with, especially if you want to work your way to the HR Business Generalist position, because you learn a lot about the company and their financing. I would like to be in the Dallas office, because this is Texas Instrument’s main office in the United States and it is where I...

Words: 1077 - Pages: 5

Free Essay

Interets in the World

...It’s not immediately obvious looking at these options which bank account Timmy should choose. At first glance, 8.4% compounded yearly seems to be the highest rate, but is it necessarily the best choice? Read on to learn about the mathematical theory to solve this problem, or skip down to see how you can quickly find the answer with your financial calculator. Effective Annual Rate (EAR): Mathematical Background The key to solving this problem is understanding the relationship between the interest rate and rate of compounding. While Timmy is quoted several different interest rates, the rate he will actually earn on his bank account in each case also depends on the number of times per year interest is compounded on each bank account. To answer this question we need to determine and compare the effective annual rate (the interest rate that Timmy actually earns) for each bank account option. Let’s start with a simple example: If you deposit $1000 in a bank account paying 10% interest annually, after one year you would have $1,100 in the bank account [$1000 x (1 + .1)1] assuming no additional deposits or withdrawals. If you deposit $1,000 in a bank account paying 10% interest compounded semiannually, this means you earn 5% every six months (two times per year) on your bank account. After one year, you would have a bank account balance of $1000 x (1 + .05)2 = $1,102.50. Notice that this is $2.50 higher than the bank account with 10% compounded once a year. The...

Words: 2027 - Pages: 9

Premium Essay

Nantucket Nectars

...Nantucket Nectars Entrepreneurs and best friends, Tom First and Tom Scott, had started Nantucket Nectars in the early 1990’s. Since then, after some initial difficulties business has been booming. This has put them in the very unusual position of being courted by many corporate giants looking to break into the New-Age Beverage market. Tom and Tom sat back and evaluated all of their options. After awhile they came to the conclusion that they had three paths to take. Among these, the first is to do nothing, that is continue to operate as they have with no major changes in ownership or structure. The second option would be to take the company public through an IPO, or lastly they can sell to one of their many suitors, Ocean Spray, Pepsi, Tri-Arc, Coke, etc. The first step they need to take would be to discount all of their future values, then find the NPV of the firm. To do this Tom and Tom must break out their TI BA II Plus calculator from their days at Brown. Next they need to enter in all of the previous cash flows on record. However they still must determine a discount rate that would be fairly accurate. Being off by even a few points could make a huge difference in their ability to judge the fair value of their firm. Nantucket Nectars is currently borrowing at a rate of 8.5% with very little debt. They could fairly easily take on more debt as it is. It is difficult at this time to figure out a good beta for Nantucket, however we can assume that equity investors would...

Words: 630 - Pages: 3

Premium Essay

Texas Instruments Essay

...Case #1 Texas Instruments Chris Healey Chris Healey Intermediate Accounting Professor Henry 10/19/2014 This case study is inspired by the SEC issued Proposed Rule 33-8098, “Disclosure in Managements’ Discussion and Analysis about the Application of Critical Accounting Policies” and how current companies live up to the objectives of this rule. For this case, I selected Texas Instruments (NASDAQ: TXN), one of the leading designers and manufacturers of semiconductors. This case will evaluate the degree to which Texas Instrument’s financial reports give the investor relevant information and faithfully represent the company’s true financial standing. This is the primary objective of Proposed Rule 33-8098. In addition, I will address the importance of the disclosure of critical accounting policies, the critical accounting policies that TXN discussed, why they are critical, how these policies align or contradict with the conceptual framework of financial reporting and if I believe that TXN may have left out some critical accounting policies. It is important for a company to disclose its critical accounting policies because investors use financial reports in investing decisions. The purpose of financial reporting is to provide investors with relevant information that faithfully represents the company’s financial standing. Unfortunately, this purpose is difficult to deliver. Accounting is by nature influenced by the inexact science of estimation, the ever-changing business...

Words: 1327 - Pages: 6

Premium Essay

Finman2E Quiz Mod06 101409

...following sales and accounts receivable balances ($ millions). Compute the 2005 accounts receivable turnover for both companies. a. b. c. d. PG: PG: PG: PG: 13.56 13.11 13.76 15.31 CL: CL: CL: CL: 8.71 8.35 8.67 9.02 2. Abercrombie and Fitch (ANF) and TJ Maxx (TJX) report the following information in their respective January 2006 10-K reports. Compute the 2006 inventory turnover for each of these two retailers. a. b. c. d. ANF: ANF: ANF: ANF: 3.25 7.67 2.98 2.57 TJX: TJX: TJX: TJX: 5.21 6.79 1.31 5.19 Cambridge Business Publishers, ©2010 Quiz 6-1 Financial & Managerial Accounting for MBAs, 2nd Edition 3. Intel Corporation (INTC) and Texas Instruments (TXN) report the following information. Compute the 2005 PPE turnover for both companies. a. b. c. d. INTC: INTC: INTC: INTC: 2.27 2.17 2.50 2.36 TXN: TXN: TXN: TXN: 3.44 3.21 3.50 3.43 4. General Electric Company reports the following footnote in its 10-K report. The company reports its inventories using the LIFO inventory costing method. Assume GE has a 35% income tax rate. As of the 2005 year-end, how much has GE saved in taxes by choosing LIFO over FIFO method for costing inventory? a. b. c. d. $6,705 million $475 million $3,610 million $244 million Cambridge Business Publishers, ©2010 Quiz 6-2 Financial & Managerial Accounting for MBAs, 2nd Edition 5. The inventory footnote from the Deere & Company’s 2005 10-K follows ($ millions). Inventories Most inventories owned by Deere & Company and its...

Words: 959 - Pages: 4

Premium Essay

Internal Analysis of Texas Instruments

...environment (The Economist, 2009). The BOD nominates the executive officers of the firm. They comprise the chief financial officer and chief executive officer as well as the leaders of the firm’s principal business functions and units. Strategy TI is aware that its customers depend on the company to assist them innovate and get to market first. The company, therefore, drive toward flawless implementation to deliver software, differentiated products, and support they need, whenever they need them. The firm actively engages with its customers and learns as much that it can about their needs in order to generate new, innovative products for their future applications on a constant basis. 3.1.2. Components of Strategy Corporate Mission Texas Instruments seeks to change the world “one chip at a time.” The company’s mission is to create analog and embedded processing products for power electronics across every industry. The company has interwoven integrity, commitment, and innovation throughout the fabric of its history in order to create and assist to make the world safer, smarter, more fun, greener, and healthier (Nishi &Doering, 2000). The firm considers integrity as its cornerstone, innovation its lifeblood and organizational commitment as its promise. Organization Culture Ethics is a foundation at the company and has been for the previous 80 years. The company has an inclusive culture, which focusses on what individuals bring to the table and what they can do for the company....

Words: 1731 - Pages: 7

Premium Essay

Flexible Scheduling

...Table of Contents Executive Summary……………………………………………………………………… 1 Introduction……………………………………………………………………………….. 2 Options for flexible scheduling Part-time……………………………………………………………………………3 Examples Flextime…………………………………………………………………………….3 Examples Job sharing……………………………………………………………………….. 4 Examples Working from home or satellite location………………………………………..4 Advantages……………………………………………………………………………….. 4-5 Disadvantages……………………………………………………………………………. 5-6 Solution/Conclusion……………………………………………………………………… 6-7 References………………………………………………………………………………... 8 Executive Summary The purpose of this proposal is to promote flexible scheduling in the workplace. Flexible scheduling means that employees are allowed to work at times that are more convenient to them. The challenge of balancing many responsibilities can cause employees to have trouble focusing, they can feel tired, and distracted. This in turn affects profitability by reducing productivity and performance. Flexible scheduling can assist both men and women balance work and personal obligations. In today’s society, the need for more flexibility has never been greater. Employees who find their lives enjoyable and fulfilling because they’re able to balance all obligations will be hardworking, loyal, and productive. Described in this document are four options for flexible scheduling as well as the pros and cons of flexible scheduling. Conflicts between home and work can...

Words: 1934 - Pages: 8