Texas Instruments Inc at Citi Global Technology Conference Transcript
Next up is one of our favorite companies, Texas Instruments. I think I've had a buy on you guys since, maybe, 2012. The reason we've liked TI for so long is we think it is one of those rare combinations of -- they're in one of the best markets really on the planet, high-end Analog, very high margins. They also combine that with very good management. You don't see them chasing after growth end markets, like, unfortunately, so many of my other companies. They sit there and have this nice, steady buyback, they pay a very good dividend. I think the current yield is somewhere in the 2s, growing in the double digits. And with those high margins, it enables them to keep generating cash. Not only do they have high margins, this also led to very high earnings growth. And we think that Texas Instruments has some of the highest earnings growth, more importantly, going forward from here and some of the highest margin growth as well. So that's pretty rare with such high operating margin somewhere in the 40s.
So here today to talk about it, we
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