Jim Cramer has some thoughts on the Texas Instruments (TXN) quarter.
He wrote about the company in his Real Money column Wednesday morning.
"This one's a tough-as-nails inquiry. You are talking about a $120 billion company with a fantastic balance sheet that has allowed for monster buybacks that will do more than $15 billion in sales. You cannot dismiss Texas Instruments lightly," wrote Cramer. "But, and this is a "I Like Big Butts and I Cannot Lie" kind of thing, but, the reason why the stock of Texas Instruments has been among the best performers in the group -- up 36%, as Eric Jhonsa noted in his fantastic piece last night on TheStreet.com -- is because it has done so well to get off the treadmill of cell phone innards and make those be far less important to its pastiche of business."
Watch the full video above.
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