Texas Instruments (TXN) stock price rises today as dividend day lands and investors look for the next catalyst
Texas Instruments shares rose 0.6% to $220.18 in midday New York trading Tuesday, outperforming a 0.2% drop in the iShares Semiconductor ETF. The company is set to pay a $1.42 per-share dividend and recently agreed to acquire Silicon Labs for $7.5 billion in cash. U.S. stocks were mixed after flat December retail sales.