Texas Instruments Rides ‘Dull’ Products, Cash Returns to Record

  • Chipmaker’s stock reached highest level in history last week
  • Texas Instruments teaches chip investors to value cash

At 86 years old, Texas Instruments Inc. doesn’t grow very much. It’s had just three annual sales increases in the past 10 years and analysts are predicting a decline again this year-- yet investors have bid its stock up to a record.

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