Texas Instruments Incorporated (TXN) stock gained in the after-hours following its announcement of results for the fourth quarter and fiscal 2021. The stock of TXN values at around $180, gaining more than 3.7% from the previously closed value. At the end of the last trading session, the stock closed at $173.96. The stock volume traded in the last trading session was around 5.35 million shares.
Highlights of the results
- The revenue of Q4 2021 is $4.832 billion. It is an increase of 19% from Q4 2020. The revenue in Q4 2020 was $4.076 billion. The revenue of fiscal 2021 is $18.344 billion. It is an increase of 26% from fiscal 2020. The revenue in fiscal 2020 was $14.461 billion.
- The net income of Q4 2021 is $2.138 billion. It is an increase of 27% from the net income of Q4 2020. The net income in Q4 2020 was $1.688 billion. The company reports a net income of $7.769 in fiscal 2021. The net income in fiscal 2020 was $5.595 billion.
- The company’s cash flow from operations for 2021 is $8.8 billion. Free cash flow totaled $6.3 billion during the year, accounting for 34% of total sales.
- In 2021, the business will return $4.4 billion to shareholders through dividends and stock repurchases. Their payout equaled 62 percent of free cash flow for the year.
- TI expects sales in the range of $4.50 billion to $4.90 billion and profits per share in the range of $2.01 to $2.29 for the first quarter of fiscal 2019. TI anticipates that its annual operating tax rate will be approximately 14 percent in 2022.
- As of fiscal 2021, the company has around $4.631 billion cash equivalents.
Effect on the stock
The stock of the company soared following the news of its quarterly results. Investors seem to be impressed by the numbers and are interested in investing in its stock.
Conclusion
The company’s outlook seems promising, and they are expecting to keep the growth rate consistent. In the first quarter, they expect to keep the growth rate the same as in the Q4 of 2021.
