Jim Cramer on Texas Instruments: "I Don't Expect Buyers to Take That Stock Up Anytime Soon"

Texas Instruments Incorporated (NASDAQ:TXN) is one of the stocks Jim Cramer put under the spotlight recently. Cramer discussed the market’s reaction to the company’s guidance, as he commented:

“How about if your stock’s okay and you disappoint or you guide down?… When you guide down, if it’s because of margin pressure, making less money per product, ooh that’s what happened to Texas Instruments, which sellers suddenly dumped en masse, taking the stock down 10 points or 5.6% and I don’t expect buyers to take that stock up anytime soon.”

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures semiconductors and related products used in industrial, automotive, and electronic applications. Cramer mentioned the stock during the April 23 episode and said:

“Given that the whole world’s thinking we’re about to have a recession here because of the extreme tariff turmoil, these are the kinds of companies that should be slashing the numbers, but they’re not. They’re raising the numbers. Oh, and just tonight, the storied Texas Instruments, which has been struggling mighty of late, shed the weaknesses, put up terrific numbers that might be enough to ignite what had been a more abundant chip cohort.”

Since the above comment, Texas Instruments Incorporated (NASDAQ:TXN) stock is up over 12%.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.