Texas Intruments (TXN) announced this morning that it would add $5 billion to a share buy-back program and would raise its dividend 25%. Shares are up 2% to $36.50. The company currently has a market cap of just over $50 billion.
The company issued very modest guidance for the current quarter and investors have been concerned that the second half of the year might be slow for the company.
Douglas A. McIntyre