NEW YORK (TheStreet) -- Shares of Texas Instruments (TXN) - Get Report are rising by 2.62% to $52 in pre-market trading on Thursday, after the company reported its 2015 fourth quarter financial results yesterday, which exceeded analysts' expectations.
The Dallas, TX-based company designs, makes and sells semiconductors to electronics designers and manufacturers.
The company noted stable demand in most of its sectors as other chip companies struggle with a decline in electronic spending globally, Bloomberg reported.
Slowing demand for mobile phones last quarter will continue to be weak in the current period, CFO Kevin March said, according to Bloomberg.
"Across the broader economy, things are continuing to be about how they've been in the past two years," he said. "We see a continuation of a relatively weak macro economy, which we have been seeing for the past couple of years."
For the first quarter, Texas Instruments forecasts earnings per share between 57 cents and 67 cents on revenue in the range of $2.85 billion to $3.09 billion, which are in line with analysts' estimates.
Separately, TheStreet Ratings Team has a "buy" rating with a score of A- on the stock.
This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that rated by the team.
The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and expanding profit margins.
The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TXN