NEW YORK (TheStreet) -- Shares of Texas Instruments (TXN) - Get Report are rising by 1.84% to $51.60 in after-hours trading on Wednesday, after the company reported its 2015 fourth quarter financial results.
After the market close today, Texas Instruments reported earnings of 80 cents per share, which topped analysts' expectations of 69 cents per share.
Revenue declined by 2% from a year ago to $3.19 billion, in line with analysts' estimates of $3.2 billion.
The Dallas, TX-based company designs, makes and sells semiconductors to electronics designers and manufacturers.
"Our combined core businesses of analog and embedded processing performed well in the quarter and comprised 87 percent of fourth-quarter revenue," CEO Rich Templeton said in a statement.
He noted revenue was in line with their expectations, but the company experienced slowing demand within a sector of the personal electronics market late in the quarter.
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 the team rates."
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.
TheStreet Ratings 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