NEW YORK (TheStreet) -- Shares of Texas Instruments (TXN) are gaining 1.4% to $55.25 on Monday afternoon after the chipmaker announced the availability of its new C2000 Delfino F28377S microcontroller (MCU) LaunchPad development kit.
The new development kit is the first LaunchPad for the company's Delfino line of MCU. The LaunchPas offers 200 MHz of 32-point floating-point performance, newly integrated accelerators, and high-intensity analog and control peripherals for $29.99, the company said.
Texas Instruments said the new Delfino LaunchPad "dramatically reduces the barriers of entry for development of high-performance control systems in digital power, solar, motor control and industrial drives applications."
About 4.1 million shares of Texas Instruments were traded by 12:55 p.m. Monday, compared to the company's average trading volume of about 5.5 million shares a day.
TheStreet Ratings team rates TEXAS INSTRUMENTS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate TEXAS INSTRUMENTS INC (TXN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows: