Texas Instruments (TXN) "is Crushing it," Says Jim Cramer

We recently published Jim Cramer Discussed These 10 Stocks & Commented On Gold Price.  Texas Instruments Incorporated (NASDAQ:TXN) is one of the stocks Jim Cramer discussed.

Texas Instruments Incorporated (NASDAQ:TXN) is a semiconductor manufacturing company that makes and power controllers, signal processors, and other chips. Its shares are up by 15% over the past year and by 17% year-to-date. The stock has been at the center of attention of analysts lately after the firm reported its fiscal fourth quarter earnings. The results saw Texas Instruments Incorporated (NASDAQ:TXN) post $4.42 billion in revenue, which missed analyst estimates of $4.44 billion. However, its guidance for the first quarter beat estimates. Texas Instruments Incorporated (NASDAQ:TXN) guided between $4.32 billion and $4.68 billion in revenue and $1.22 and $1.48 per share in earnings per share, while analysts had penciled in $4.42 billion and $1.26. Following the earnings, UBS raised the share price target to $260 from $245 and kept a Buy rating on the back of a robust backlog and stable revenue trends. For Cramer, it was Texas Instruments Incorporated (NASDAQ:TXN)’s earnings call that caught his attention as he tweeted:

“That was the best, most polished, Texas Instruments conference call i can remember. They are truly crushing it in industrial and data center. And they, like Seagate, are being incredibly disciplined….”

The CNBC TV host was also impressed by the earnings as he tweeted:

“Texas Instruments delivered! Lower inventory, data center breakthroughs. Huge”

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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.