A 5.39% slide to $287.24 from a $303.59 open takes roughly $15 billion off a $262.6 billion analog chipmaker in one session. Moves this size are rare for a name usually treated as the steady end of semis.
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A 4.9% slide takes roughly $13 billion off this analog chipmaker in a single session, and it came after AMD, a competitor, announced a quantum error-correction platform with Oak Ridge and IBM (the stock has followed 5 of 5 AMD releases).
- 2COSTCostco$1.47/sh$651M
- 3PAAPlains All American Pipeline$0.42/sh$295M
- 4AGNCAGNC Investment$0.12/sh$142M
- 5LNTAlliant Energy$0.54/sh$139M
Texas Instruments is sending shareholders about $1.39 billion, or $1.52 a share, with the money arriving November 10. Costco follows with roughly $651 million at $1.47 a share, paid November 13.
The 300mm payoff is finally showing up in the margin line: operating income jumped 73% year over year, with revenue beating consensus. Management guided fourth-quarter EPS to $2.45 to $2.79, keeping the industrial, automotive and data center momentum intact.
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