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Chip Stocks Are On The Rise Thanks To Texas Instruments

Texas Instruments

Stock prices related to semiconductors jumped up this week thanks to Texas Instruments and Teradyne stock increases. According to CNBC Stocks, the specific jump was for VanEck Vectors Semiconductor ETF. This group is responsible for tracking 25 of the top United States-based chip companies.

Performances Are On The Rise

Due to performing so well in its second quarter, Teradyne went up 15%, hitting its highest price since 2005. It rose a good 66 cents a share, which is 5 cents higher than investment broker analysts predicted. Building up its 5G network on top of memory test spending helped with this, the group says.

From here, Texas Instruments also hit an all-time high this week. Numbers went up 7%, which is much higher than expected. For its second quarter, the group saw a $1.36 per share growth. Experts expected only $1.22 per share. From here, Texas Instruments plans to go from $1.31 to $1.53 a share during its third quarter, though analysts only predict $1.38 per.

Texas Instruments Huawei
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This news is great for the industry, considering it hit a bit of a drop earlier this year. Back in May, the trade war between the United States and China got a bit more intense. As you may know, the Trump administration blocked Huawei in a trade attack on China. The group makes many of the chipsets we see in the United States. However, President Trump has recently discussed letting up on the ban, so things might be getting a little better soon.

According to David Pahl, the head of Investor Relations at Texas Instruments, Huawei made up close to 3% or 4% of Texas’ overall revenue. But, to him, this increase in overall stocks is “nothing unusual,” considering how much Huawei serves the world in the first place:

“It’s a mix of comms equipment and some handset in there and some other products…if you look from a regional standpoint, I’d say there’s nothing unusual going on.”

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Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/