Texas Instruments (TXN - Free Report) or TI recently launched TI Designs, which it says is the most exhaustive reference design library in the industry. It includes TI's entire portfolio of analog, embedded processing and connectivity products for industrial, automotive, consumer, communications and computing applications, among others.
The design library comprises nearly 150 reference designs, which TI is supporting with application insight and design support. Therefore, customers can choose to adopt a TI design as-is, or use it as a building block for further development. This, in turn, provides engineers the option to devote more time and resources to develop products and thus enables efficient use of valuable engineering resources.
The TI Designs Library provides easy access to reference designs from PowerLab, comprising more than 1,000 tested power management reference designs, and TI Precision Designs, a library of precision analog designs.
TI’s constant endeavor to develop products targeting different applications such as microcontroller, factory automation, smart grid, high-voltage power, and LED lighting and control should help it to increase revenues even as it moves away from some traditional markets.
In the third quarter of fiscal 2013, TI generated revenues of $3.24 billion that were up both sequentially and year over year.
The Analog business grew 10.7% sequentially and 4.8% year over year. All product lines contributed to the sequential increase in analog revenues although power management products saw the strongest increase. TI attributed the year-over-year increase to very strong SVA sales, supported by somewhat higher HPA and power management and flattish HVAL.
Currently, Texas Instruments has a Zacks Rank #3 (Hold). Stocks that look attractive currently include Intersil Corporation , Jarden Corp and Microchip Technology Inc (MCHP - Free Report) , all with a Zacks Rank # 2 (Buy).