Gordon Reid Texas Instruments TXN-Q PARTIAL SELL Dec 19, 2017

Not doing well. Cars are their strong area, but cars will not be good, and comms are bad. A terrible last quarter. You can hold onto this.

Liked it until summer of 2023. Shine came off the EV ecosystem. January reporting beat on bottom, bit shy on top. Lowered guidance, and this really hurt. Not in the AI space.

Struggled lately from technical perspective. Under accumulation at this point. Appears to have resistance. Would wait before buying. 

Good management + activist Elliott Management.

Activist Elliott Partners can improve things here. He's bullish. Pays a 2.5% dividend yield.

He sold it last May and doesn't regret it. It just reported and shares are rising. But TXN's AI strategy isn't as clear as its peers.

Fell 7.5% today on earnings. Has long loved this. They make good car and industrial chips, but those are down in the dumps.  They beat top and bottom, but their end markets are weak. They should go private.

Extremely well run. Highly integrated, with internal manufacturing for analog. Focuses on free cashflow. Will likely lose share in China over time, which is looking to make things domestically. 

Clearly isn't going to topple NVDA from the throne on which it finds itself. Every time someone thinks they can do that, NVDA comes out with a new version of the chip that's even better.

Looking for niche areas where they can develop or meet demand without going head-to-head with NVDA on its mainstream chips. Not sure how successful it will be. Probably better plays out there, such as AVGO.

The big deal in Edge AI is the embedded processors. Longest customer list of anyone in the semiconductor industry, because of its analog business and its embedded division. The analysts he follows have an average 12-month price target of $249. Yield is 2.55%.